“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 shutting down construction throughout Pennsylvania. Projects currently on standby are now months-further from generating a return. When construction resumes, we can expect to see additional delays and inefficiencies that have the potential to increase costs and further push back completion dates.
In this Building Industry Association of Philadelphia webinar, Cohen Seglias attorneys Lane Kelman and Matthew Skaroff 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 Matt 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.