The Need for Speed: Protecting Construction Professionals from Escalated Project Schedules and Supply Chain Chaos

"Hurry up and wait" is becoming the norm on construction projects from coast to coast, causing increases in disputes, claims, and litigation. Competition in the marketplace has always created pressure on construction professionals that lead to problematic bids, but the current prolonged period of severe supply chain and labor shortages, escalated material costs and significant pressure to deliver projects on time and under cost has led to unprecedented challenges.  The panel will lead an interactive discussion about the types and frequency of claims arising from the current challenges in the industry; how claims professionals can work with their insureds to combat the inability to fulfill the T&Cs of unreasonable contracts, minimize the fallout from bad deals, and use risk management tools to avoid unreasonable construction contracts that leave little or no room for unexpected developments.

Panelists: 

Wendy Testa, Partner, Wilson Elser
Donna MacConnell, SVP, Managing Director Claims, IMA Group
Jessica Schaber, Field Claims Examiner, Acuity
Josh Lluch, Foundation Risk Partners, Managing Director