Cost of Repair and Fault Allocation

Cost of Repair

VERTEX’s qualified cost experts estimate and/or evaluate construction costs utilizing industry standard estimating techniques. Because VERTEX is a large construction contractor, we maintain a database of subcontractor and vendor pricing within our Procore system, so we have a feel for current market conditions. We also use OnScreen Takeoff software for quantity takeoffs. Lastly, VERTEX maintains subscriptions to industry standard cost databases including Xactimate, EquipmentWatch and RSMeans.

Fault Allocation

VERTEX’s experts utilize a five-step approach to allocating fault to potentially responsible parties in construction claims:

1. Identify the construction issue
2. Identify the various duties of the parties
3. Determine which party or parties are responsible for the issue
4. Determine if the issue is latent or patent
5. Determine if a follow up contractor improperly covered up patently defective workBased on methodology VERTEX assigns fault percentages to the various parties. This allocation work is generally used to assist in settlement negotiations.