25Jun
Seeking Certainty in Uncertain Times: Employing Cost-Plus Construction Contracts in 2020
With the uncertainty of COVID-19 impacting construction projects in new and unfamiliar ways, choosing the right construction contract format has never been more important. A cost-plus contract — also known as a cost-reimbursement contract — can offer an attractive project format in the current construction environment. Defining project costs and expense using projected and agreed upon costs can be particularly attractive for both owners and contractors in roiling social and economic...
By:
Faegre Drinker Biddle & Reath LLP
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