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Construction

07 January 2019
Whitney Judson Floating on assumption: navigating construction project float ownership

USA - Kilpatrick Townsend & Stockton LLP

Construction project schedules often generate disputes between project owners and contractors. These disputes commonly become the subject of claims that assign fault for delayed project completion to one party or another. When delays occur and float is available, each party may assume entitlement to the float on the project schedule and subsequent exemption from liability for damages relating to its delay; however, merely assuming float ownership can lead to unfavourable outcomes.

Author: Whitney Judson
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