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Transcript of Young Professionals Task Force (YPTF) MN State University, Mankato CM Department Visit March 30 th,...
![Page 1: Young Professionals Task Force (YPTF) MN State University, Mankato CM Department Visit March 30 th, 2011.](https://reader038.fdocuments.net/reader038/viewer/2022110204/56649b5c550346318e8dc1e9/html5/thumbnails/1.jpg)
Young Professionals Task Force(YPTF)
MN State University, MankatoCM Department Visit
March 30th, 2011
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Scott Hollingsworth• 11 Years Forensic Claims Experience– Schedule Delays– Cost Analysis
• Prior Work Experience– Tucker Alan (2000-2004)– Navigant Consulting (2004-2008)
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Scott Hollingsworth• BS In Engineering From Purdue (December 1999)
• College Internships With UPS (Summer ‘98, ‘99)
• Study Abroad Program (’99)
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Scott Hollingsworth
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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)
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Tanner Courrier• BS In Construction Mgmt. From MNSU
(May 2009)
• NAHB Student Competition Team
• Certified Cost Technician, Certified Fraud Examiner, LEED Green Associate
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Azure Tower
• Located In Dallas, TX
• Owner Claims Against Architect
• Design Delay
• Lost Unit Sales
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Azure Tower
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CAREER PATHS
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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 Company’s Bottom-Line
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Career Paths • Cost Engineer• Cost Estimator• Planner Scheduler• Claims Analyst• Project Risk Analyst• Project Controls Manager
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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
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• 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
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Benefits of Membership
• Scholarship Program For College / University Students - More Than $40,000 Awarded Annually
• Virtual Library – Wealth Of Research Literatureshttp://www.aacei.org/mbr/presentation/• Mentoring Program• Networking And Contacts – Expand Your
Opportunities With Expansive AACE Members And Network
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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!
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Average Salary 1-5 yrs. Experience
$-
$10,000.00
$20,000.00
$30,000.00
$40,000.00
$50,000.00
$60,000.00
$70,000.00
2009 Base Salary
2010 Base Salary
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$-
$10,000.00
$20,000.00
$30,000.00
$40,000.00
$50,000.00
$60,000.00
AACE Certified
Not AACE Certified
Average Entry Level Salary
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$-
$20,000.00
$40,000.00
$60,000.00
$80,000.00
$100,000.00
$120,000.00
$140,000.00
AACE Certified
Not AACE Certified
2010 Average Industry Base Salary
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• 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
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Certification
• CCT Is Relevant For You As It Only Requires A 4 Year Degree
• Check Out AACEI.org
• See Us For Handouts
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YOUNG PROFESSIONALS TASK FORCE (YPTF)
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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
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YPTF Value Proposition• Why YPTF?–Growth In Capital Projects–Aging Workforce–Training–Networking–Development Opportunities
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YPTF Events • Annual Meeting Networking Event• Website And LinkedIn Subgroup• Cost Engineering Profile Articles• 2010 And 2011 Leadership Conferences• University Outreach• Mentoring Program
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CASE STUDY
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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?
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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
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Summary Of Damages• Several Different Components– Unpaid Contract Balance– Time Related Costs (Delay Damages)– Discrete Cost Overruns– Other
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Unpaid Contract Balance
Unpaid Contract Balance
Original Contract Value 3,800,000.00$ Amount Paid to Evergreen 3,295,000.00
Unpaid Contract Balance 505,000.00$
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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
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Time Related Costs
Time Related Costs (Delay Damages)
Evergreen's Time Related Daily Cost 10,000.00
Shoreview (Owner) Caused Delay 10.00 (1)
Total Time Related Costs 100,000.00
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.
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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
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Other• Lost Early Completion Bonus• Legal / Consulting Fees• Home Office Overhead
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GAINING AN EDGE IN THE JOB MARKET
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Using Social Media• Create The Right Social Profile– Facebook, LinkedIn, Twitter, MySpace– Google Is Your First Resume– Social Intelligence
• In 2010 Microsoft Released A Survey– 80% Of HR Professionals Use Online Reputation As
Part Of The Hiring Process
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Who Would You Hire
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Account > Privacy Settings
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Building A Resume• Create A Winning Resume– Resume Should Articulate Your Value Proposition– Understand Weak (“Soft”) Spots In Resume– Create A Quick Resume
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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 www.yptf.org
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Salt Lake City Refinery
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Trump Tower ChicagoProject Background• 92 Story Hotel/Condominium
• Owner: Trump International
• Architect: Skidmore, Owings & Merrill
• Contractor: Bovis Lend Lease
• Concrete Subcontractor: James McHugh Construction Company
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Trump Tower Chicago
Allegations
No Formalized Allegations
Project Experiencing Delays
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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
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Trump Tower Chicago
Resolution
Observation Reports Served As An Independent, Objective Analysis Of Project Progress
Used To Resolve Minor
Conflicts
Avoided Major Disputes