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
Related
There is increased pressure by federal, state and local governments to minimize gatherings. Many bus...
Read More >
Act No. 83 of August 1, 2019, (Act 83) provides up to 15 days of unpaid leave, and/or reasonable acc...
Read More >
Last year presented a great many challenges, and much like 2008–2009, the impact was felt on a glob...
Read More >
Faced with a December 8, 2020, Memorandum and Order by Eastern District Judge Pappert (link) denying...
Read More >
On 31 December 2019, a new coronavirus disease, now officially named “Covid-19”, was first reporte...
Read More >
The national response to the coronavirus pandemic has been overwhelming to the nation’s businesses....
Read More >