You receive the call over a weekend. Your company’s chief financial officer says that she needs your help to assess the causes of excessive cost-overruns and delays occurring right now on your project in Florida.
The project was to be the crown jewel of the company’s portfolio: a mixed-use retail-office-residential property, two hotels, and the company’s new corporate offices near the dense, urban landscape of a thriving Central Florida city. The contract between the Owner and Contractor was fixed price, with a liquidated damages clause of $15,000.00 per day. The Project budget is $200 million and Opening Day is to occur in six months, in time for the grand opening scheduled for Thanksgiving Day weekend. You have a troubled project!
Now what? The CCA Group triages the project and creates a recovery plan.