Risk Management

Hurry Up and Wait: Pacing and Concurrent Delay in Schedule Disputes

by | Apr 10, 2020
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When critical path activities are delayed by the owner (or another party), contractors will sometimes “pace,” or slow down, other activities to match the owner-caused delay. What should contractors do to preserve their rights to obtain more than a simple time extension?

The Construction Surety Industry: Looking Ahead

by | Apr 10, 2020
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According to data published by Aon Insurance, surety division, total construction industry surety losses in 2019 were fairly favorable at fewer than 20%. Initially, this trend was expected to continue into 2020, subject to any financial issues related to megaprojects currently in place. But the impact of COVID-19 has increased surety exposure to a much higher level, similar to other credit programs.

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