D. Construction Costs: A Multifaceted Dimension
Apart from document management, the variety of costs involved in construction cases…
1. Direct costs: Allocating extra costs incurred to the specific claim event.…
2. Project overheads: Allocating overhead costs to the claim event that are…
3. Staff costs: Identifying those [additional] staff costs that can be directly…
4. Head office overheads: Allocating head office overheads to the specific…
5. Profit margins: Establishing a reasonable gross or net profit margin that, but for the claim event, would have been earned on the contractual project. The derivation of a reasonable profit margin is discussed later.It is commonly the case that contractor and counsel will advise the quantum expert…
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