Why should Contractors engage Claims Consultancies in spite of inhouse Contracts Team?

EPC projects are complex endeavors that require the coordination of many different parties, including Employers, Contractors, Engineers, and PMCs. While in-house Contract team can play an important role in managing contracts and negotiations, the use of third-party construction claims consultancy can provide additional benefits. This article will examine the significance of third-party construction claims consultancy in EPC projects, even when companies have in-house contract specialists.

Who is a Construction Claims Consultancy?

  • A professional firm that provides independent and objective analysis, advice, and support for construction claims management.
  • They are not affiliated with any of the parties involved in the project, which allows them to provide impartial and objective recommendations.
  • Claims Consultancies have specialized knowledge and expertise in construction claims and dispute resolution, which allows them to provide comprehensive and effective support for construction claims management.

Benefits of Construction Claims Consultancies
Objectivity:

One of the main benefits of using a claims consultancy is their impartiality and objectivity. They are not tied to any particular party or project and are able to provide independent and unbiased recommendations. This can be particularly valuable in complex and contentious claims, where emotions and tensions can run high.

Expertise:

Claims consultancies have specialized knowledge and expertise in construction claims and dispute resolution. They have extensive experience in the field and can provide comprehensive and effective support for construction claims management. This can be particularly valuable in cases where in-house contract specialists lack the necessary expertise or experience to manage complex claims.

Cost-Effective:

Claims consultancies can provide cost-effective solutions for construction claims management. By providing expert support, they can help to resolve claims more quickly and efficiently, reducing the overall costs and duration of disputes. This can be particularly beneficial in complex claims, where the cost of legal fees and other expenses can be significant.

Access to Resources:

Claims consultancies have access to a wide range of resources and tools, including industry-standard software and databases, that can be used to manage and resolve construction claims. They can also draw on their networks and connections in the construction industry to provide additional support and resources when needed.

Independent Perspective:

A third-party claims consultancy can provide an independent perspective on construction claims, which can help to identify issues and potential solutions that may not be apparent to the parties involved in the project. This can help to prevent disputes from escalating and provide a more efficient and effective resolution of claims.

Even though companies may have in-house contract specialists, the use of third-party construction claims consultancy can provide a range of benefits for construction projects. By providing impartial and objective analysis, expertise, cost-effective solutions, access to resources, and an independent perspective, third-party claims consultancies can play a significant role in resolving construction claims and disputes. Companies should carefully consider the use of third-party claims consultancies in their construction projects to ensure the most effective and efficient claims management outcomes.

Industry changes are inevitable, as a result Project management approaches need to enhance with the trend. Briefly, speaking so called 

Waterfall approaches are enhanced to iterative development thru Agile approaches which breaks down Project development into isolated phases that flow into each other, while likely advocates iterative development cycles. 

PMO, or Project team move with limitations, as in which third party consultant who can go beyond, collecting plenty of inputs, frequent interviews with all stack holders internally and externally then penetrate with endless possibilities to provide solutions prospectively and retrospectively