• Delay Damages in Construction Industry

    Delay Damages in Construction Industry

    Construction projects have a habit of dragging on beyond the set due date. While some people might view this as the norm, you need to keep in mind that the longer the project runs, the more money is spent. This means that in most cases the funds used for the actual a construction project surpass what was put down in the budget by far. The delays associated with construction fall into various categories. However, they can easily be summed up as excusable, non-excusable, concurrent, compensable, and critical and non-critical delays. The group a delay will fall into will depend on the responsible party, the effect the delay has on the timeline,... Read More