What is Quantum Analysis?
Quantum analysis in construction refers to the systematic assessment and quantification of financial claims arising from contractual entitlements, project delays, disruptions, and variations. It involves evaluating the monetary impact of changes, unforeseen events, or breaches of contract on a project. This analysis is crucial in supporting dispute resolution processes, such as negotiation, adjudication, arbitration, or litigation.
Quantum analysis requires a comprehensive understanding of contract terms, construction methodologies, and cost principles to establish the link between cause and effect, quantify the resulting financial impact, and ensure the claim is properly substantiated.