It is critically important for contractors to address consequential damages when planning a project. Failure to do so will place the contractor at substantial risk should equipment fail or an incident occurs that causes a significant delay or the project to fail. MCAA’s Understanding and Managing Risks Associated with Consequential Damages helps contractors avoid or manage the risks that arise when an unexpected disruption in a project result in a substantial financial impact. It’s just one of MCAA’s educational resources that are free to MCAA members as a benefit of membership.
The bulletin explores:
- Questions to ask yourself
- Types of damages, including both direct and consequential damages
- Waivers in contracts, with examples of preferred, one-sided, and simple mutual consequential damages waivers
- Consequential damages provisions with exceptions
- What to do if you can’t get a consequential damages waiver
- State judicial enforcement of consequential damages provisions
For a full list of available Management Methods Bulletins, including several on the topic of marketing, visit the Management Methods Bulletins page.
Have Questions or Need Personal Assistance?
Contact MCAA’s Frank Wall.