The Silver Spring Transit Center (SSTC) in Silver Spring, Md., is a local transportation facility, but became a nationally known project because of alleged defective design and construction.
If a contractor begins to show signs of financial distress while a project is mid-construction, the one thing an owner should not do is rush to terminate the contractor unless it is clear that the contractor is in such a state of financial distress that it is incapable of completing the project.
Large construction project contracts typically involve complex scopes of work and rigorous completion deadlines. Liquidated damages clauses serve as an important protection for the owner and negative incentive for the contractor to achieve timely completion. Continue »