Change and Variation Claims
We are pleased to present this article on acceleration costs claims in collaboration with Anvelo. This article is the second article in our series of construction claims articles. In our previous article, we discussed change and variation claims.
In construction, time is money. Delays can mean significant financial repercussions for both the principal and contractor. Within the construction industry, the term acceleration refers to the actions taken by both the principal and contractor to expedite the completion of a project or part of a project, usually in response to delays. Whilst acceleration may be deemed necessary to meet deadlines or mitigate potential penalties, directing acceleration often means the incurrence of additional costs, which typically leads to an acceleration costs claim. Understanding the nuances of acceleration and how to manage and respond to acceleration costs claims is vital for both principal and contractors.
