Source: https://www.consensusdocs.org/, March 6, 2023
By: Brian C. Padove, Partner, Tieder, Hoffar, & Fitzgerald, LLP

Whether it is an owner, contractor, or subcontractor, when construction entities enter into contracts their general focus is typically on a few interrelated goals: completing the project on time, within budget, and making a profit. An often-overlooked aspect of contracting, however, relates to potential liability in the event of a breach, more specifically, consequential damages. While it is relatively easy to foresee direct damages resulting from a breach of contract, it is more difficult to foresee, understand, and protect oneself against damages that may not be directly caused by a breach, but nevertheless, result from that breach – more specifically, consequential damages. Read more.