Presenting / Analyzing COVID-19 Construction Cost Impact
May 29, 2020
With governmental restrictions being lifted to allow construction projects to re-commence work, owners, contractors and trades will have to balance the return to the construction site with the management of the financial strain that may have been caused by the COVID-19 Pandemic. In an earlier article, “Developing a Back to Work Plan Post COVID-19 – Steps to Consider”, we address the project schedule and steps needed to develop a plan forward and preserve a project record of mitigation efforts attempted to minimize the impacts caused by the COVID-19 Pandemic. In this article, we outline the steps necessary to present and evaluate the additional compensation that the contractor may be entitled to recover as reimbursement for additional and/or increased costs caused by the COVID-19 Pandemic. Applying these proper dispute avoidance, documentation and resolution principles will place the owner and contractor in a position to fairly address the compensation that the contractor may be contractually entitled to recover from the ill-effects of the COVID-19 pandemic. Click on link to read article.