Throughout 2019 and into early 2020, the construction industry was booming and operating smoothly. Project participants relied on construction contracts, developed over years or even decades, that contained provisions for nearly every type of contingency imaginable. The coronavirus pandemic has thrown a massive wrench into that, even causing New York State, as well as Boston and Cambridge, Massachusetts, to shut down all non-essential construction. Owners’ tried-and-true contract forms and project control mechanisms are no longer sufficient. In the age of coronavirus, project owners should consider taking specific and proactive steps to manage their projects, and draft contracts for future projects in a way that addresses unique risks and impacts caused by coronavirus and other infectious diseases.
Read MoreManagement & Leadership
BUILDER
