Penalty Clauses and Incentives: Contract Tools to Control Delay-related Cost Increases
Construction delays don’t just push back your move-in date—they inflate every line item on your budget. When a project runs overtime, carrying costs, material price fluctuations, and labor inefficiencies stack up fast. Smart contract tools like penalty clauses and performance incentives are your best defense against these runaway costs. In this article, we’ll explore how … Read more