The Importance of Documenting and Tracking Coronavirus Impacts to Construction Projects

The Importance of Documenting and Tracking Coronavirus Impacts to Construction Projects

Joseph Darr As contractors work through the coronavirus (COVID-19) pandemic, many contractors have been impacted in their ability to timely and efficiently complete projects. COVID-19 impacts to a project may result in increased completion costs, including labor inefficiencies, increased equipment costs, and additional material costs. A contractor may attempt to seek those increased costs from the project owner, a subcontractor, or an insurer. Regardless of who may be responsible for.

Property Insurance May Provide Financial Relief from the Impacts of COVID-19

Property Insurance May Provide Financial Relief from the Impacts of COVID-19

National and local governmental responses to COVID-19 have taken a dramatic financial toll on the economy. As a result, many in the construction industry are asking: “can I seek compensation for delays caused by COVID-19?”  Contractually, it depends upon the language of your contract; however, construction companies should also be looking to common insurance policies as a potential source of recovery for lost business income and delay damages, such as.