Adopting Contractor-Friendly No-Damage-For-Delay Clauses

Law360, New York (October 3, 2014, 10:37 AM EDT) -- According to the New York City Building Congress, Manhattan is poised to add roughly 9 million square feet of new office space to its inventory between 2013 and 2015. If realized, this would be the highest volume of new office space added to New York City over any three-year period since 1990. New construction, plus renovations to older offices, will undoubtedly lead to increased activity in all facets of the New York metropolitan area's construction industry. Since most projects encounter delays, in at least some form, a well-drafted construction contract that addresses delay damages is critical to keeping a project on...

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