Since the work was two thirds complete at the time of termination, your thought is to take two thirds of the entire contract amount, subtract out payments received to date, and present this figure as your recoverable damages. Is this approach, which is known as the percentage of completion method, the correct one? CONTINUE READING...
Author Archives: James P. Terpening III
AUTHOR: James P. Terpening III
POSTED: March 27, 2017
TAGS: breach of contract, construction, construction contract, contractor, damages, labor, lost profits, materials, owner, percentage of completion, quantum meruit, reasonable cost, reasonable value, services, subcontractor
- Attorneys' fees
- Design Professionals
- Designer Liability
- Expert Science
- Forum Selection
- General Liability
- Offers of Judgment
- Prevailing Party
- Statute of limitations
- Statute of repose
- Unlicensed Contracting
- Unlicensed Contractor – Who Me?
- Forum Selection Clause v. Miller Act Venue Provision: Where to Litigate?
- Forum Selection Clauses – Mandatory v. Permissive
- First Cost and Betterment – Two Types of Defenses against Claims for Construction Damages
- The Beneficiaries of “Pay-if-Paid” Clauses in Construction Contracts