Loss of overheads contribution and profits in a construction dispute in the hospitality sector where a contractor claimed that a delay to a construction project caused them a loss of contribution to head office overheads and profits.
Secretariat professionals were appointed to provide expert services in an adjudication claim in respect of loss of overheads contribution and profits and to opine of the reasonableness of the application of the Hudson formula, the Emden formula and the Eichleay formula.
Secretariat damages professionals, working alongside a quantity surveyor colleague, evaluated the Claimant’s calculation prepared using the three Hudson, Emden and Eichleay formulae widely used in construction delay claims and compared them to a reasonable assessment derived from our own knowledge of overhead and profit assessments. The work involved a detailed review of the Claimant’s financial statements to determine returns which the Claimant would have achieved during the delay period and a re-calculation of the loss of overheads contribution and profits using a more appropriate methodology.
87 Secretariat Professionals Named in Lexology Index 2025 Consulting Expert Reports
Secretariat is pleased to share that 87 of our experts have been named in the Lexology Index 2025 Consulting Expert Reports series, achieving recognition as global industry leaders across several key categories.
CPSC Redirects Lithium-Ion Battery Rulemaking for Micromobility Products
Regulatory updates don’t always make headlines, but they can shape the future of industries. The CPSC’s recent procedural move on lithium-ion battery safety for micromobility products is a perfect example. Sam Madden breaks down the latest developments in a short summary.
Shalabh Gupta and Amran Nawaz, Associate Directors in Secretariat’s Global Sports Consulting practice, were recently quoted in an S&P Global article discussing sports team acquisition and valuation trends.