Proving Loss Of Profit In Construction Arbitration: A Strategic And Legal Guide For Contractors
To read the article on Mondaq, click here. In the domain of construction arbitration, contractual disputes frequently emerge from delays in execution, unforeseen disruptions, or premature and often contentious termination of agreements. These occurrences invariably give rise to complex financial repercussions, particularly affecting contractors who are deprived of the economic benefits originally contemplated under the contract. One of the most significant and recurrent heads of claim in such proceedings pertains to compensation for loss of anticipated profits commonly referred to as loss of profit claims. Such claims typically arise when the contractor alleges that the employer, either by direct act or...
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