Cost Recovery

(Scope Changes, EoT and its costs, Unproductivity, Complaints)

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Scope Changes

Cost recovery in this context involves documenting and negotiating any changes to ensure adequate compensation.

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EoT (Extension of Time) and its costs

When an extension in project time occurs due to unforeseen circumstances, cost recovery includes compensation for the additional time and associated expenses.

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Unproductivity

If unforeseen events affect work productivity, cost recovery seeks to compensate for losses and additional costs incurred due to unproductivity.

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Claims

Includes the management and recovery of costs associated with legitimate claims filed by contractors or subcontractors due to changes, delays or other unforeseen conditions that affect project costs and schedules.

Recover, Advance, Succeed

Cost recovery is essential to ensure that changes, delays and unforeseen events do not have a significant negative impact on the project budget and schedule, ensuring financial fairness for all parties involved.

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