Mario Nicholas | Ahead of Schedule The combination of the COVID-19 pandemic, skyrocketing construction material costs, labor and material shortages, and a hot housing market presents a predictable risk: despite your best efforts, your project might not finish on time. What should owners and contractors do to prepare? Evaluate whether to waive consequential damages “What… Continue reading Don’t Be Late! (But Assume That Your Construction Project May Be)
Tag: Waiver of Consequential Damages
Waiver of Consequential Damages: The Most Important Provision in a Construction Contract
Jeremy P. Brummond | Construction Executive Construction agreements can be lengthy. They often include terms covering everything from logistics for working on the project site to complicated provisions regarding intellectual property. Many provisions in a construction agreement deal with risk and who is going to pay for damage claims if or when they occur. However,… Continue reading Waiver of Consequential Damages: The Most Important Provision in a Construction Contract
Waiver of Consequential Damages in Florida May Have Unintended Consequences
Jared Gillman | Construction Industry Counselor | December 7, 2018 In Florida, parties often negotiate and include a waiver of consequential damages in construction contracts and design professional contracts. However, based on a recent decision by one Florida appellate court, waiving the right to recover consequential damages may have a broader impact than intended. In Keystone… Continue reading Waiver of Consequential Damages in Florida May Have Unintended Consequences