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Young Professionals Task Force (YPTF)

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

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

  9. Career Paths

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

  14. Benefits of Membership • Scholarship Program For College / University Students - More Than $40,000 Awarded Annually • Virtual Library – Wealth Of Research Literatures • http://www.aacei.org/mbr/presentation/ • 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. AACE International Certification • 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)

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

  21. Young professionals task force (yptf)

  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

  25. Case study

  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

  34. Gaining an edge in the job market

  35. 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

  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

  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 www.yptf.org

  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. Allegations No Formalized Allegations Project Experiencing Delays Trump Tower Chicago

  43. 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 Trump Tower Chicago

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

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