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101 - Complete Guide To Extension of Time Claims (EOT Claims)
101 - Complete Guide To Extension of Time Claims (EOT Claims)
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Commercial and contractual aspect of construction industry
Table of Contents
0.1. Three types of delay events
0.2. Main Delay analysis methods for Extension of time claims
0.2.0.1. Impacted As-Planned
0.2.0.2. Collapsed As-Built
0.2.0.3. As-Planned vs As-Built
0.3. What we can claim under Extension of time claims,
0.3.0.1. Site office costs
0.3.0.2. Site overheads
0.3.0.3. Head Office overheads
0.4. What are time-related costs for Extension of time claims?
0.4.0.0.1. Hudson formula
0.4.0.0.2. Emden formula
0.5. Finance & insurance-related costs
0.5.0.1. Bond renewal charges
0.5.0.2. The delayed release of retention
0.5.1. EOT Request Letter
Extension of time claims(EOT claims) are the most discussed type of claims in
the construction industry, the Main intention of this article is to give you a
better understanding of EOT claims. Before we move into further details on the
extension of time claims we will look into the nature of the extension of time
claims.
But most industry experts indicate that contractors are letting clients cut their
claims by submitting incompetent submissions. Indeed, clients cannot avoid or
unreasonably reduce properly filed EOT claim with relevant data and
correspondences. This is a universal truth for any construction claim. Apart from