Projects that include owner furnished equipment (OFE) must be managed differently to help mitigate this risk. This session will have special emphasis on planning, documentation, communication, and claim avoidance.
Managing the Risk of Owner Furnished Equipment
Description
Duration: 1/2 Day
Instructor: Blake Wentz
In today’s marketplace, mechanical contractors are likely to find themselves with a customer who has pre-purchased most of the major equipment items on a project and tailored their contract documents to place all of the equipment risk on the mechanical contractor. Projects that include owner furnished equipment (OFE) must be managed differently to help mitigate this risk. This session will have special emphasis on planning, documentation, communication, and claim avoidance. It will include the following topics: Identifying and understanding OFE risk, Managing and controlling OFE risk, Bidding issues and OFE, Contract issues and OFE, OFE documentation issues, OFE and project scheduling issues, OFE short interval scheduling requirements, Understanding the owner’s position regarding OFE, Managing customer relationships on OFE projects.
