Delay Damages
Construction Law Attorneys in Longmont
With any construction project, avoiding delays is crucial for contract compliance and cost control. Depending on the size and scope of the project, lost time can result in the loss of thousands of dollars lost for construction firms, contractors, and land developers.
Of course, delays can and often do happen and, when this is the case, a solid construction contract should outline what to do in the event of delayed work. In addition to helping you draft solid contracts outlining the obligations of your contractors, our Longmont construction law attorneys can assist you in pursuing litigation for damages in the event of delays outside your control.
Understanding Your Legal Options as a Landowner
When a project is delayed due to the failure of a contractor or subcontractor to complete work on schedule, landowners may pursue compensation for the resulting damages.
As a property owner, you have several options when it comes to seeking damages. These include:
Liquidated Damages
If you pursue liquidated damages, the contractor who caused/is causing the delay may be required to pay a specific dollar amount every day the delay continues.
Termination of Contract
It may be possible to rescind or terminate the contract with the contractor and seek alternative contractors to complete the project.
Mediation
Pursuing damages through mediation allows you and the contractor to come to a mutual agreement regarding recourse and compensation.
Litigation
When mediation/settlement negotiations are not possible or appropriate, litigation may be necessary. Our firm can represent you during this process.
At Jorgensen, Brownell & Pepin, P.C., we understand the importance of a timely resolution to all construction matters. We work efficiently in order to help minimize construction delays as much as possible, but when mediation is not possible, we are fully prepared to represent your best interests before a judge or jury.
Contact Us Today
Losing time and money due to construction delays can be extremely harmful to your business. Our Longmont construction delay attorneys can help you take legal action and seek the damages to which you are entitled. Our team is available to answer your questions and provide clear, personalized counsel regarding your specific situation, rights, and options. Our goal is to guide you through the legal process while working tirelessly to protect your bottom line.
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