Tag

contract risk

2 articles tagged with "contract risk".

Industry GuideJan 3, 2026

No-Damages-for-Delay Clauses: When They Hold and When They Don't

A no-damages-for-delay clause is the owner's contract provision saying that delays entitle the contractor to time extensions only — no compensation for extended overhead, idle crews, or acceleration. These clauses are enforced in many states but carved out in others. Knowing which exceptions apply in your jurisdiction determines whether a delay claim is worth pursuing.

Jordan Patel7 min read

Industry GuideMar 15, 2026

Waiver of Consequential Damages: The Clause That Limits Your Exposure to the Owner's Lost Profits

A waiver of consequential damages clause says that neither party can recover consequential damages from the other — lost profits, lost rent, lost opportunity, reputational damage. The clause is in the standard AIA general conditions and most well-drafted custom contracts because without it, a one-month construction delay could trigger owner claims for months of lost revenue that dwarf the contract itself.

Jordan Patel6 min read

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No-Damages-for-Delay Clauses: When They Hold and When They Don't

Waiver of Consequential Damages: The Clause That Limits Your Exposure to the Owner's Lost Profits

Ready to automateconstruction AP?

No-Damages-for-Delay Clauses: When They Hold and When They Don't

Waiver of Consequential Damages: The Clause That Limits Your Exposure to the Owner's Lost Profits

Ready to automateconstruction AP?

Ready to automate
construction AP?

Ready to automate
construction AP?