For consideration by owners, contractors, suppliers, and
project teams towards solutions on current and/or future
projects.
Global pandemic. Oil trade war. Volatile FX Markets.
Market collapse? East African locusts. All of these
global issues, and potentially others, will impact existing and new
construction projects in Canada and the world over the coming
months. However, a delay to a project does not always mean the
project will inevitably cost more. Depending on the wording
of the contracts in question, due to existing market conditions,
prudent owners may be able to complete projects at a lower than
anticipated cost as a result of a delay and its effects.
While contracts typically will require all work to proceed
without undue delay, it may be difficult at the moment for
contractors to comply, especially if further mobility or gathering
restrictions are made by relevant governmental bodies in the face
of the pandemic. Accordingly, contingency plans ought
