Extension to Construction Contracts
Engineers and architects are well trained and licensed professionals who often know the ins and outs of the construction business. Therefore, most of these professionals are aware of the uncertainty of time tables when it comes to constructions. There are many factors that can negatively affect the timely completion of a building or structure, and ammendments should be made to construction contracts accordingly. These amendments, called construction contract extensions are legally binding documents that protect involved parties if delays are inevitable or more cost effective.
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Planning for Delays
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In the business of construction, delays are almost inevitable. But many of those delays can be foreseen and accounted for beforehand. By planning for these common delays, such as shipment issues, contractors and home owners can allow for contract extensions in their initial contracts. They should specify what delays are allowable and how much additional time should be allotted for such delays.
Unforseen Delays
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Some delays cannot be predicted and may come as a complete surprise to both contractors and owners. These delays may significantly slow down construction process and may or may not be the fault of those involved in that process. If the delays are not the fault of the contractor, a contract extension amendment can be drafted, examined and signed by all involved parties.
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Construction Lawyers
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in some cases, parties involved in contractual agreements may want to seek the help of a construction lawyer. These lawyers are knowledgeable concerning construction delays and can help parties determine who is at fault for delays and whether a contract extension should be signed. They can also help to draft an amendment that will be fair and beneficial for the party who has hired them.
Claim Analyzer
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Individuals, and now certain software programs, are able to determine whose fault a delay is and how much it may cost to rectify any errors. At times, working to quickly may actually cost the owner more money and a delay may unknowingly save money in the long run. Claim analyzers can explain such nuances and will better inform parties as to whether or not they should sign construction contract extensions.
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References
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