By Bruce Jervis
The right to terminate a contract for convenience, without any fault on the part of the contractor, is a right reserved to the project owner under the terms of many construction contracts. Advance written notice triggers the termination. The contractor is paid the cost of work performed prior to termination, profit on that cost and the expenses of the termination itself. Read more.
Featured in this week's Construction Claims Advisor...
A cost-control system exists for two purposes—to develop meaningful costs for historical record keeping (presumably to aid in future estimating) and to keep track of a job so problems can be identified and corrected while they are still manageable. The success of the first objective depends on the success of the second. The second objective has an immediate impact on a contractor’s ability to manage its jobs, and is the subject of this article. Read more.