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Essay / Research Paper Abstract
This 8 page paper addresses practical and legal aspects of contractor delays. Suggestions are made and actual cases provided regarding the costs of delays and what to do about them. Bibliography lists 3 sources.
Page Count:
8 pages (~225 words per page)
File: RT13_SA345de.rtf
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Unformatted sample text from the term paper:
many contractors start theirs on a shoestring and do not have the reserves to buy needed supplies and equipment. They often use the homeowners initial "down payment" when they begin
the job in order to buy paint or construction materials, and then, this sometimes leads to a situation where they run out of money, begin a new project and use
that down payment to complete a previous job. While of course there will be these small, sometimes unscrupulous but certainly poorly managed businesses in the industry, there are larger, well
run companies that also run into problems. The dilemma that is posed when a contractor cannot complete a job can delay other work on a project, and cost businesses or
property owners a lot of money. Delays in construction contracting are unfortunately not rare events, and whether the delay is related to an act of God--a snowstorm, a hurricane, a
wind storm--delays do impact construction contracts and the results are often devastating. Delays of course are not always due to circumstances beyond the contractors control, but many times they
are. There are both compensable and excusable delays. In other words, there are delays that generally requisite a change in contract and a payment to the purchaser for the damages
caused, but then there are delays that are not compensable. While there are certainly clear situations where the contractor is not at fault, and situations where it seems apparent
that the contractor has breached a contract, there are often debates about this and such cases end up in court. First, which delays are excusable? Some problems that are
beyond the control of either party include labor disputes, weather problems, acts of war or other similar events (Milligan & Rubinstein, 2002). Of course, other delays on the part of
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