Delay, Disruption and Acceleration Costs
"When somebody persuades me that I am wrong, I change my mind. What do you do?"
John Maynard Keynes
Keywords: Acceleration Costs, Delay Costs, Disruption Costs, Schedule, Prolongation.
Delay, Disruption and Acceleration Costs [P035]
Delay and disruption costs are common in the construction and engineering industries and are becoming more common in other projects. This type of claim usually appears after normal contract processes are being severely tested and the contractor has engaged ‘experts’ to assist in its cause.
Unfortunately, most prolongation / disruption claims seem to result in excessively large claims that damage any possibility of negotiating a reasonable settlement. This paper examines the theoretical underpinnings of ‘delay and disruption’ costs and suggests a realistic basis for calculating costs.
Author: Patrick Weaver
[View Mosaic's Dispute Management and Claims services]
|
 |
|
|
More [ Contract Law ] papers
|
|
|
