This episode is a re-run. It was originally published in October 2022.

Did you know that consequential damages are one of the most common company-enders in construction? Equip yourself with the essentials and safeguard your projects from potential risks. Listen here!

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Timestamps:

(1:55) - Liquidated damages are reimbursing the client for us being late

(3:43) - The company's loss of profit could be the end of the contractor's business

(4:44) - If you've asked to sign up for consequential damage or loss, it is a bad idea

(5:09) - The best companies in construction limit their downside risk as the main priority

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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The Extremely Helpful Guide to Consequential Damages on Construction Projects [#ThrowbackThursday] | Ep. 266

Construction Secrets