by Charlotte | Jun 19, 2025 | Detroit Lawyers
Liquidated damages (LDs) are a standard fixture in construction contracts, designed to compensate the principal for delay without needing to prove actual loss. But in practice, LDs can create major financial risk for builders—especially when they are excessive,...
by Charlotte | Jun 19, 2025 | Detroit Lawyers
In construction, no matter how well a project is planned, unexpected conditions below the surface can derail budgets, schedules, and relationships. Latent conditions—those physical site conditions not apparent on reasonable inspection—continue to be one of the most...
by Charlotte | Jun 19, 2025 | Detroit Lawyers
Provisional Sums are often misunderstood, but when used strategically, they offer real benefits for builders in managing both risk and flexibility under a contract. A Provisional Sum is an estimated allowance for work, materials, or services that are not fully defined...
