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December 4, 2023
The construction industry scores the dubious distinction of having among the
most and costliest lawsuits. Scope changes are consistently a top cause of these disputes, according to London-based HKA Global, a consultancy that specializes in construction risk mitigation and dispute resolution.
These conflicts sap contractors’ time and money. Disputed sums on projects in the Americas reached more than a third of their value, averaging $100 million or 33.6% of capital expenditure, HKA’s newly released Crux insight report found. Nevertheless, this situation is not inevitable — there are many steps contractors can take to avoid claims.
Construction pros can mitigate this risk by understanding and planning for the common causes of project disputes. Change orders are a key pain point to address before shovels hit dirt, legal experts say.
To read the rest of the story from our sister publication, Construction Dive, click here.
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