“Time is money.” There are few places where that phrase is truer than in construction, and unfortunately, that truth has been highlighted by the coronavirus pandemic creating issues on construction projects throughout the DC Metro Area. Many projects have been experiencing delays and inefficiencies as a result of the pandemic, which have the potential to increase costs and further push back completion dates.
In this Associated Builders and Contractors of Metro Washington webinar, Cohen Seglias attorneys Lane Kelman and Jackson Nichols will explore and explain delay claims between owners and contractors, including those caused by coronavirus impacts. Discussions will address what constitutes a delay claim and what is recoverable. Lane and Jackson will explain key contract clauses, such as force majeure, no-damages-for-delay, liquidated damages, and consequential damages. Finally, the presenters will cover how owners and contractors can ensure costs recovery when a project is delayed, and how to best act to address impacts caused by the coronavirus pandemic.