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Video Transcribed: Construction attorney Brian Carter with tulsaconstructionlawyer.com. In this video I’m going to discuss about what acceleration damages are.
Oftentimes a contractor is rushed to complete a job ahead of schedule, or a portion of a job ahead of schedule compared to what was contracted for and as a result incurs additional expenses.
And there may in a event like this be a claim for accelerated damages. And that is typically the additional expense incurred to meet the compressed time schedule.
Obviously this is a case by case situation and it may not be reasonable to seek acceleration damages.
But in the event that they do result in additional costs that far outweigh what was originally anticipated and contracted for that would constitute a breach of contract and thus provide an avenue for relief and compensation based on accelerated damages.
Thank you for watching Brian Carter, tulsaconstructionlawyer.com.
