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Industry Watch – The CRUX Report Confirms What Good Contracts Have Been Telling Us All Along
One of the things I love most about construction is the process itself. When a project is working the way it should, owners, designers, contractors, and consultants are all moving in the same direction. The work is demanding, but it is also collaborative. It is disciplined. It is creative. It is deeply rewarding. When the…
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Best Practice: Why Reusing Old Liquidated Damages Clauses Puts Owners at Risk
For private owners, liquidated damages clauses are meant to manage schedule risk. But when those clauses are recycled from old contracts (written for different projects, markets, and risk profiles) they can become unenforceable. Worse, they can backfire at the exact moment you need them most. The Problem: Familiar Language, New Risk Liquidated damages clauses appear…