Claims preparation is a service that involves the preparation and presentation of claims arising from construction projects. The purpose of claims preparation is to ensure that the contractor and the owner are able to recover any additional costs or lost profits that are incurred as a result of changes to the scope of work, delays, or other issues that arise during the course of the project.

This service is typically performed by a claims consultant, who is responsible for preparing and presenting claims on behalf of the contractor or the owner. The claims consultant works closely with the project team, including the contractor, the owner, and any sub-contractors, to gather and analyze the necessary data and documentation to support the claim.

The claims consultant is responsible for reviewing the contract, project plans and schedules, and any other relevant documentation to determine the basis for the claim. The consultant then prepares a detailed claim document that sets out the basis for the claim, the amount of the claim, and the supporting documentation. The consultant also works with the project team to negotiate a resolution to the claim, and to ensure that the claim is resolved in a timely and cost-effective manner.

The benefits of claims preparation include:

1. Improved project outcomes: Claims preparation helps to ensure that the project is completed on time, within budget, and to the specified quality standards, by allowing the contractor and the owner to recover any additional costs or lost profits that are incurred as a result of changes to the scope of work, delays, or other issues that arise during the course of the project.
2. Improved risk management: Claims preparation helps to reduce the risk of disputes and delays, by providing a mechanism for the resolution of issues that arise during the course of the project, and by ensuring that all parties are aware of their obligations and responsibilities.
3. Increased efficiency: Claims preparation helps to ensure that the project is executed in an efficient and cost-effective manner, by reducing the risk of disputes and delays, and by maximizing the use of resources.

Overall, claims preparation is an essential service for construction projects, as it helps to ensure that the project is completed on time, within budget, and to the specified quality standards, and that any additional costs or lost profits that are incurred as a result of changes to the scope of work, delays, or other issues that arise during the course of the project are recovered.