Business
Legal and Regulatory

Construction Contracts Need Amending Post-COVID-19 Shutdowns

COVID-19 is going to be here for a while. Contractors and owners need to amend contracts, as appropriate, to protect themselves from incurring unforeseen additional expenses. This should include a clause on when the project should be terminated or paused to protect the interests of both parties.
By Richard P. Higgins
August 13, 2020
Topics
Business
Legal and Regulatory
by Richard P. Higgins

Richard P, Higgins, CPA, is the managing principal of the New Jersey office of McCarthy & Company, a leader in construction accosting. Construction Executive included the firm on its list of Top 50 Construction Accounting Firms in 2019 and 2020. Rich can be contacted at (732) 341-3893 or Richard.Higgins@Mcc-CPAs.com.

Related stories

Business
It’s All Relative: The Importance of Building and Maintaining Relationships in Construction Cover Art

It’s All Relative: The Importance of Building and Maintaining Relationships in Construction

By Chad Prinkey
In a world where relationships seem to be taking a backseat to digital “connectedness,” executives from a recent Associated Builders and Contractors’ panel discussion agree that where construction is concerned, rapport still matters.
Business
Tariffed Construction Materials Prices Rise in May Cover Art

Tariffed Construction Materials Prices Rise in May

By ABC
The tariffs are taking effect—and materials prices are reflecting that.
Business
Contractors’ Backlog Falls Sharply in May Cover Art

Contractors’ Backlog Falls Sharply in May

By ABC
While ABC's Construction Backlog Indicator fell in May 2025, it is up since this time last year.

Follow us




Subscribe to Our Newsletter

Stay in the know with the latest industry news, technology and our weekly features. Get early access to any CE events and webinars.