Claims Manager - Managing Claims In The Construction Industry
Summary
There are many claims management products on the market but it is important to use a system with functions and modalities you need to successfully communicate with owners and other vested parties through the four stages of management: claims prevention, mitigation, identification and calculations, and finally resolution. It gives you a complete risk management system that lets you administer, adjust, and accurately report claim data. Once an activity is identified as a claim you can quantify it with additional payment time, extension to the completion date, or other milestones. Plus, you can design a schedule with delay time calculations noting any direct or indirect costs that the claim may incur. Controlling costs and meeting target dates requires due diligence during the claims process.