Calculating Lost Profits in Construction Claims: A Practical Guide
Recording Available: Tuesday, January 26, 2021
Calculating lost profits in a construction dispute is an important factor to prove and recover claims of lost profits damages. However, this process presents a wide array of complexity and challenge for both parties as it requires thorough and accurate analyses of evidence presented. The implementation of an appropriate calculation methodology must also be carefully considered.
With the risk issues associated with lost profits calculation, it is becoming more substantial for construction businesses and their counsel to be well equipped with a practical guide and the best practices to guarantee accurate calculation and ensure lost profits recovery.
In this LIVE Webcast, Robert McDonald, Director at Berkeley Research Group, will provide a practical guide on how to calculate lost profits in construction claims. As an expert, Robert will also address important issues affecting construction dispute management and resolution.
Some of the major topics that will be covered in this course are:
- Construction Claims - Recent Trends and Developments
- Notable Court Rulings
- Common Risks and Pitfalls
- Practical Tips and Strategies in Calculating Lost Profits
- Determine construction claim methodologies, tools, and best practices
Berkeley Research Group, LLC
- Construction Industry Overview and Characteristics
- Types of Construction Claims and Supporting Theory
- Construction Claim Methodologies, Tools and Practical Tips for Claim Quantification
- Common Claim Risks and Best Practices
- Construction Dispute Avoidance and Current Outlook
Who Should Attend:
- Construction Industry Attorneys
- General Counsel
- Forensic Accountants
- Damage Experts
- Construction Business Executives
Mr. McDonald is a Director in Berkeley Research Group’s (BRG) Government Contracts Consulting Practice. He has over 20 years of consulting experience in both government contracting and commercial industries. His industry expertise includes work with major contractors in the aerospace & defense, construction, professional services, manufacturing, business services, information technology, telecommunications, biotech, as well as grant and cooperative agreement recipients in the not-for-profit and NGO fields.
Mr. McDonald focuses on cost recovery, profit maximization, and risk management engagements involving government contract. Specifically, Mr. McDonald’s experience spans the entire lifecycle of government contracting accounting, finance, administration and compliance related matters, including contractor litigation and investigation support.
Print and review course materials
Method of Presentation:
Live Webcast; Group-Internet Based
General knowledge of lost profits calculation
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Accounting – Technical
1.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About Berkeley Research Group, LLC
BRG is a global consulting firm that helps leading organizations advance in three key areas: disputes and investigations, corporate finance, and strategy and operations. Headquartered in California with offices around the world, we are an integrated group of experts, industry leaders, academics, data scientists, and professionals working beyond borders and disciplines. We harness our collective expertise to deliver the inspired insights and practical strategies our clients need to stay ahead of what's next.
We have in-depth experience across a wide range of industries and markets, from Government Contracting, Construction, Energy to Technology and Healthcare. BRG offers clients extensive and unique industry experience combined with a focus on regulatory interpretation and compliance, policy and procedure evaluation, investigation, litigation support, dispute resolution, and advisory services related to complex issues.