Three Things You Need to Do Now to Recover Construction Stoppage Costs

Recovering Construction-Stoppage Costs  – 
(FTI Consulting)   Owners and contractors facing work stoppages at the direction of state and local stay-at-home or shelter-in-place orders are struggling with the question of how much the work stoppage is going to cost. These delays not only affect the scheduled milestones of a project but can significantly impact the project’s financial health.

Contractors could seek relief under various contract provisions or theories of recovery, and there are practical steps you can take now with identifying, isolating and quantifying the financial aspects of delay. Read more…