Zachary Davis | Ahead of Schedule The last time my byline appeared in this column, we were just a few weeks into the government-ordered lockdown, and I pondered whether construction projects could — or should — continue. In the year since, the construction industry proved adaptable as owners and general and trade contractors worked closely… Continue reading Pandemic Creates Cause to Rethink Overlooked Contract Provisions
Tag: Force Majeure Provision
Force Majeure: What are the Chances for Relief?
Kent B. Scott | Babcock, Scott & Babcock Introduction Is a substantial increase in the cost of materials covered by a force majeure provision? In short, the answer is dependent on the terms of the specific contract. If a contract is a fixed price contract, an increase in the cost of materials likely will not… Continue reading Force Majeure: What are the Chances for Relief?
Is Coronavirus a Force Majeure Event?
Michael Kelley | Shutts Coronavirus (or COVID-19) is already causing significant disruption to businesses around the world, including quarantines and travel bans affecting trade and commerce, manufacturing, construction, hospitality and service industries in an unprecedented way. Now the disruptions are impacting society-at-large, from the closing of restaurants and attractions to remote work models for corporate… Continue reading Is Coronavirus a Force Majeure Event?
Managing Project Risk Associated With The Coronavirus Outbreak Through Force Majeure Provisions
Sara Beiro Farabow | Seyfarth Globally, many developers and contractors are scrambling to identify available contractual relief as the Coronavirus (COVID-19) disrupts cross-border supply chains. US businesses will recall a similar effort just eighteen months ago, when the Trump Administration announced increased tariffs on $300 billion of Chinese goods. That trade war prompted companies to… Continue reading Managing Project Risk Associated With The Coronavirus Outbreak Through Force Majeure Provisions