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Time is Money: Construction Delay Claims
"Time is money." There are few places where that phrase is truer than in construction. A project delivered quickly and on time is an asset that can start generating a return. A delayed project, however, can result in not only lost profits for an owner but can also open the door to delay claims from its contractors.
In this session, Cohen Seglias attorneys Lane Kelman and Matthew Skaroff will explore and explain delay claims between owners and contractors. They will discuss what constitutes a contractor's delay claim, when a contractor can recover, and what damages a contractor may be awarded. The presenters will also share how owners can reduce their risk of exposure, including no damages for delay clauses, liquidated damages, and consequential damages waivers. Finally, this session will cover how owners and contractors can ensure cost recovery when a project is delayed.
Lane has an active and diverse construction litigation practice, representing developers, general contractors and trades in complex construction matters throughout the United States and internationally. He has extensive experience with both private and public projects. His work ranges from contract negotiations to claim prevention and management, construction defects, and suspension and debarment proceedings.
Matthew concentrates his practice in construction litigation and represents contractors, subcontractors, design professionals, owners, and other parties concerning private and public construction projects. He also has substantial experience in domestic and international transactional work, business formation and structuring, and in matters related to intellectual property, namely trademarks and trade secrets.
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