No one likes delays. Whether it's a rain delay at a sporting
event or a subway delay stuck somewhere beneath the city of
Toronto, delays cost us time that we would rather have spent doing
something else. Sometimes, however, delays can cost not only time,
but money as well. In this article, we discuss some of the key
issues in calculating economic losses in construction delay
claims.
Construction delays can occur for a wide variety of reasons.
Sometimes they are caused by negligent work performed by a trade or
technical expert that needs to be rectified; sometimes they are
caused by unforeseen physical damage to the project. Whatever the
reason for the delay, it means that things did not happen when they
were supposed to happen.
