What to do if coronavirus means your project gets shut down

By Lindy Patterson2020-03-24T06:00:00

As site shutdowns loom amid coronavirus measures, what is the legal position for those whose project never restarts?

As at the end of last week (which is a long time ago in covid 19 terms) more than three-quarters of small and medium-sized firms had already seen projects cancelled or delayed due to the coronavirus pandemic (according to the Federation of Master Builders). It is no surprise that those employers who have projects about to begin or in their early stages are looking to cancel. Especially where the project is consumer demand-led.

While suspension or postponement may be the more desirable option, sadly it is likely that terminations will be more common in the commercial real estate sector and beyond. This article looks at the termination options and the financial implications under JCT and NEC.

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