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Young Professionals Task Force (YPTF) MN State University, Mankato CM Department Visit March 30 th, 2011.

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Presentation on theme: "Young Professionals Task Force (YPTF) MN State University, Mankato CM Department Visit March 30 th, 2011."— Presentation transcript:

1 Young Professionals Task Force (YPTF) MN State University, Mankato CM Department Visit March 30 th, 2011

2 Scott Hollingsworth 11 Years Forensic Claims Experience – Schedule Delays – Cost Analysis Prior Work Experience – Tucker Alan (2000-2004) – Navigant Consulting (2004-2008)

3 Scott Hollingsworth BS In Engineering From Purdue (December 1999) College Internships With UPS (Summer 98, 99) Study Abroad Program (99)

4 Scott Hollingsworth

5 Tanner Courrier 3 Years Forensic Claims Experience – Construction and Government Contracts – Negotiated Settlements For REA Prep Claims Work Experience – DNR Services Inc. (2001-2007) – The Kenrich Group, LLC (2008-Present)

6 Tanner Courrier BS In Construction Mgmt. From MNSU (May 2009) NAHB Student Competition Team Certified Cost Technician, Certified Fraud Examiner, LEED Green Associate

7 Azure Tower Located In Dallas, TX Owner Claims Against Architect Design Delay Lost Unit Sales

8 Azure Tower


10 Project Controls 101 Project Controls Is That Element Of A Project That Keeps It On-Track, On-Time And Within Budget Cost, Risk, Quality, Communication, Time, Change, Procurement, And Human Resources Project Controls Can Be Responsible For Projects, Programs, Or Portfolios That Contribute To The Companys Bottom-Line

11 Career Paths Cost Engineer Cost Estimator Planner Scheduler Claims Analyst Project Risk Analyst Project Controls Manager

12 Overview of AACE 7000 Members Around The World – 84 Countries Top Contractors And Owners – Bechtel, Flour, KBR, Jacobs, CB&I, Exxon, BP, Chevron, Duke Energy, NRG Energy Cooperative Agreements – American Society Of Civil Engineers Multiple Industries – Oil And Gas, Utilities, Civil Construction, Defense Contracting

13 Student Membership - $37.50 Annually Regular Member - $153 Annually Cost Engineering Journal (Digital Copy) Education and technical skills at Seminars and Annual Meeting Benefits of Membership

14 Scholarship Program For College / University Students - More Than $40,000 Awarded Annually Virtual Library – Wealth Of Research Literatures Mentoring Program Networking And Contacts – Expand Your Opportunities With Expansive AACE Members And Network

15 AACE-I Represents: Cost Engineering Scheduling Estimating Planning Project Management Cost Management Project Controls Claims & Dispute Resolution Education Consulting Value Engineering … and many other related disciplines!

16 Average Salary 1-5 yrs. Experience

17 Average Entry Level Salary

18 2010 Average Industry Base Salary

19 Entry-Level / Junior Certification – CCT (Certified Cost Technician) – Requirement: 4 Years Of Experience OR 4 Years Of College-Level Academic. Professional Level Certification – CCE/CCC (Certified Cost Engineer / Consultant) – CEP (Certified Estimating Professional) – CFCC (Certified Forensic Claims Consultant) – EVP (Earned Value Professional) – PSP (Planning & Scheduling Professional) AACE International Certification

20 Certification CCT Is Relevant For You As It Only Requires A 4 Year Degree Check Out See Us For Handouts


22 What is the YPTF The Young Professionals Task Force Is A Group Within AACE That Interfaces With The BOD To Create Value And Offerings For Young Professionals YPTF Gives You A Vehicle To Become A Leader In AACE And In Your Career

23 YPTF Value Proposition Why YPTF? – Growth In Capital Projects – Aging Workforce – Training – Networking – Development Opportunities

24 YPTF Events Annual Meeting Networking Event Website And LinkedIn Subgroup Cost Engineering Profile Articles 2010 And 2011 Leadership Conferences University Outreach Mentoring Program


26 Case Study Does Shoreview Owe Evergreen Any Money? Please Give An Explanation Of What Is Owed To Evergreen And Why. What Other Types Of Documents Would You Want To Review? In General, How Would You Go About Determining Who Is Responsible For Delays And Damages ?

27 Document Request Contract, Including Change Orders Payment Applications & Paid To Date Records Progress Reports – Daily, Weekly, Monthly, If Available Schedule Updates Meeting Minutes Account Records – Job Cost Detail – Budget Documents

28 Summary Of Damages Several Different Components – Unpaid Contract Balance – Time Related Costs (Delay Damages) – Discrete Cost Overruns – Other

29 Unpaid Contract Balance

30 Time Related Costs Those Costs That Are Directly Related To The Passage Of Time – Field Supervision – Equipment Rental – Construction Trailers – Cell Phones / Computers – Debris Fences And Other Barricades – Portable Toilets – Water

31 Time Related Costs Note: (1) Review Of Project Documents And Schedules Indicated That The Project Was Delayed By 16 Days. Shoreview Was Responsible For 10 Days Of Delay And Evergreen Was Responsible For 6 Days Of Delay.

32 Discrete Cost Overruns Differing Site Conditions – Additional Haul Tickets For Special Disposition Of Contaminated Soils Track Changes And Segregate The Costs Of Changes – Daily Logs – Daily Reports – Creating A New Cost Account

33 Other Lost Early Completion Bonus Legal / Consulting Fees Home Office Overhead


35 Using Social Media Create The Right Social Profile – Facebook, LinkedIn, Twitter, MySpace – Google Is Your First Resume – Social Intelligence Social Intelligence In 2010 Microsoft Released A Survey – 80% Of HR Professionals Use Online Reputation As Part Of The Hiring Process

36 Who Would You Hire

37 Account > Privacy Settings

38 Building A Resume Create A Winning Resume – Resume Should Articulate Your Value Proposition – Understand Weak (Soft) Spots In Resume – Create A Quick Resume Create A Quick Resume

39 Personal Marketing Prepare For The Interview – Interview Decision Time Is Between 2.5 And 5.5 Minutes – Start Reading Current Publications (ENR, Economist, Etc.) – Learn To Tell A Compelling Story – Research The Company To Develop Questions – Practice With Someone Else – Please Check Out

40 Salt Lake City Refinery

41 Trump Tower Chicago Project Background 92 Story Hotel/Condominium Owner: Trump International Architect: Skidmore, Owings & Merrill Contractor: Bovis Lend Lease Concrete Subcontractor: James McHugh Construction Company

42 Trump Tower Chicago Allegations No Formalized Allegations Project Experiencing Delays

43 Trump Tower Chicago Our Role Retained By McHugh Construction Prepared Periodic Site Observation Reports Tracked Performance V. Contract Requirements Tracked Status Of Follow-On Subcontractors Reviewed Correspondence Regarding Progress And Delays

44 Trump Tower Chicago Resolution Observation Reports Served As An Independent, Objective Analysis Of Project Progress Used To Resolve Minor Conflicts Avoided Major Disputes

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