Waiver of Consequential Damages: The Most Important Provision in a Construction ContractFebruary 16, 2021 – Construction Executive
Lewis Rice member Jeremy P. Brummond was published an article on February 16, 2021 in Construction Executive regarding waivers of consequential damages in construction agreements. Jeremy argues that because "the waiver of consequential damages can significantly control the amount of damages for which a contractor is assuming risk and greatly limit the owner’s ability to recoup many damages, it is arguably the most important provision in a construction contract." He helps readers understand how waivers of consequential damages are used now, and he proposes solutions for contractors. Construction Executive is a magazine for the business of construction, and it seeks to deliver industry-specific materials that inform, educate, and inspire its more than 55,000 subscribers.
To read the article, click under "Resources" below.
Jeremy focuses his practice on engineering and construction, and his clients include property owners, engineers, general contractors, and specialty contractors. He counsels clients in contract negotiation and drafting, and he frequently represents clients in construction-related litigation including cases involving claimed construction defects, delay and lost productivity, and mechanic's lien and payment bond claims.