12Aug
Consequential Damages in Construction – The Silent Killer
One of the biggest risks contractors and subcontractors face on construction projects is liability for consequential damages, although many of them may not even know about that risk, much less understand it. Consequential damages are damages which flow indirectly from a breach of contract and are typically related to delays in performance and delays in completion of a project....
By:
Nexsen Pruet, PLLC
Source Url: https://www.jdsupra.com/legalnews/consequential-damages-in-construction-40640/
Related
The Situation: On June 21, 2020, the Saudi Minister of Tourism, Ahmed Al-Khateeb, announced the crea...
Read More >
A key tool in mitigating the risks due to unforeseen events is the force majeure clause contained in...
Read More >
Just yesterday, the Pennsylvania Supreme Court issued a decision in a case involving the “fluctuati...
Read More >
On May 29, 2020, in Constr. Drilling, Inc. v. Engineers Constr., Inc., the Vermont Supreme Court uph...
Read More >
In the accounting profession, the concept of materiality in financial reporting comes from two disti...
Read More >
The IRS provided welcome news to employers preparing to comply with the Affordable Care Act’s (“AC...
Read More >