REA & Claims
Claiming costs when deficiencies result from changes in condition and minimize profit.
Claims and request for equitable adjustments (REA) are a necessary part in managing change and minimizing a contractor to profit. Change in conditions, scope creep and poorly defined scope can lead to added cost and time that, as a contractor, you should not be held liable.
Case in Point
Within the past three years, Prime Universal Group has captured more than $1.2 billion via the REA process and $400 million via a change order process. Change is a constant element in construction projects, and we’re experts at managing those changes on a constant and continual basis.
Do the change orders accurately capture the changes within the project?
Are you tracking and capturing all changes to your project?