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Getting paid for construction delay claims

Construction delays are one of the most common reasons why construction delay claims occur. Property owners will realize that delays on a construction project will mean lost revenue and time. Here are some tips on how to get paid for construction delay claims.

Knowledge – To establish a claim, it is advisable that a property owner gets help from a construction claims expert. A professional will be able to analyze your case and look at aspects like scheduling, estimating, methods, and efficiency to help the owner understand where the problem has arisen and if there is a strong case.

Be aware – It is important that an owner is aware of potential details and changes in the contract. Often one small delay can escalate into to other areas of the project, causing long

Once a delay is suspected – Once notified of a delay, remember to keep all documentation and correspondence relating to the delay. The more detailed the information you collect, the stronger your case will be.

Typical damages with construction delays – Owners should understand the types of damages they may face if a project delays. They can include

Overhead costs

Loss of use

Lost rents

Loss of profits

Insurance costs

Lyle Charles suggests that if you are an owner and waiting for a project to be complete, it is advisable to speak to a professional to understand the best way to handle a construction delay.