Sherman Botts | Stinson While an increase in construction costs for materials is not new to the industry, the extent of the cost increases during this COVID-19 time may be beyond anyone’s experience. Prior to COVID-19, material costs have spiked for many products, such as oil, asphalt, concrete and plywood. Those cost increases may have… Continue reading Material Cost Escalation: Who Bears the Cost Now? And, What Can Be Done to Address the Problem in the Future?
Tag: Force Majeure
Why Every Lawyer in the Construction Industry Should Pay Attention to Level 10 Construction v Sea World LLC
Christopher M. Wise | Forum on Construction Law “We will not process outstanding payments to contractors or subcontractors until the pandemic restrictions are lifted.” Since the pandemic began, I have wondered what courts across the country would do when businesses started breaking contractual obligations and blaming, or using, pandemic restrictions as their defense. Most lawyers… Continue reading Why Every Lawyer in the Construction Industry Should Pay Attention to Level 10 Construction v Sea World LLC
Force Majeure Claims in Future Waves of COVID-19: Four Key Actions
Mark Crossley and Timothy Hill | Hogan Lovells As countries emerge from lockdown, talk turns to The Return of COVID-19. Here’s how to succeed in future force majeure claims and stop your projects from becoming what sounds like a second-rate horror movie: 1. Decide COVID-19’s status as a force majeure event Is a subsequent COVID-19… Continue reading Force Majeure Claims in Future Waves of COVID-19: Four Key Actions
The Impact of COVID-19 on the Construction Industry: Planning for the Inevitable
Neil Keenan, William Abramovicz and Matthew Bedan | Forensic Risk Alliance The COVID-19 pandemic continues to impact all facets of the global economy, disrupting supply chains and work forces, and straining contractual relationships between businesses. These issues are especially important in the construction industry, which traditionally relies on precise schedules of workers and material, and… Continue reading The Impact of COVID-19 on the Construction Industry: Planning for the Inevitable
Construction Project Shutdowns: Know Your General Contract Terms for Force Majeure, Suspension, and Termination
John P. Martin | McCarter & English As state and local governments shut down construction projects in response to the COVID-19 pandemic, project owners and contractors should review closely the general contracts for their projects to determine what consequences shutdown orders will have on those projects. While every contract is unique, the terms negotiated for… Continue reading Construction Project Shutdowns: Know Your General Contract Terms for Force Majeure, Suspension, and Termination