Construction Executive published an article by Advisory Director Robert Burton, discussing how to minimize risk exposure and maximize loss recovery.
Construction Executive
By Robert Burton, Director, Advisory Services
Excerpt:
Contractors routinely face potential losses due to delays and changes in project scope. Recovery of these losses requires an ability to prove damages with reasonable certainty. Such losses may be difficult to quantify with requisite precision if sufficient controls and accounting practices are not in place during the course of the project.