While all of us begin 2021 still confronting the challenge of COVID-19, construction project owners face particular pandemic-related issues in their industry, including the need to maintain strict best practices for projects and manage scheduling and labor challenges for existing and new projects. In my latest article for the Daily Journal of Commerce, I provide owners and contractors with three tips to increase their chance of success in 2021:
- Negotiate and agree to reasonable contract terms for new projects, and verify carefully the status with regard to completion of existing projects.
- Evaluate your insurance and consider whether a performance bond may be necessary to try to ensure work completion.
- Diligently address project events such as deadlines, requirements and forecasts.
Read the full article here.
Originally published as an Op-Ed by the Oregon Daily Journal of Commerce on January 14, 2021.