January 26, 2004

CLAIMS ADMINISTRATION PROGRAMS CAN SAVE CONTRACTORS MONEY

Over the years, we have seen many claims and claim-related problems cause contractors to suffer serious cash flow problems, or worse, to lose substantial sums of money. In more cases than not, these losses and deferred payments could have been avoided by the early identification of claim situations, proper notice, proper records, and properly prepared claim packages. This article explains the elements and benefits of an organized claims administration program designed to identify, document, price and resolve claims and change orders.

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