Page Tags: profit

Hudson Formula

Hudson Formula

Hudson Formula The so-called “ Hudson Formula “ has no basis in law or logic. It is generally accepted that damages and off-site overheads cannot be proven by a formula. The formula barely gets a mention in Hudson’s Building and Engineering Contracts, however, since it is frequently referred to in texts and sometimes in judgments, …

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Can a Contractor Claim for Loss of Profit ?

Loss of Profits

Can a Contractor Claim for Loss of Profit ? Claim under standard forms of contract  All standard Forms of Contract provide for the Architect or the Engineer to order variations to the Works, and such variations may include omissions. Whenever variations are ordered that omit work, and particularly if such omissions are substantial in nature, contractors …

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Improve the working environment

Improve the working environment, and create a successful construction team. Yes, Claims don’t result from differing site conditions, bad contract documents, or defective contract administration. They are a direct result of the contractor losing money on the job. This is either because of the above reasons, for which a contract adjustment may be an appropriate remedy, …

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