Dispatch #8 - Force Majeure Contract Clauses

A reminder to read, understand, and be prepared to invoke the force majeure clauses in your contracts (customer, subcontractor, and supplier).
 
If you see a force majeure clause that isn't favorable to your company, strategize to minimize your construction company's exposure.
 
Enlist the help of your attorney (see Dispatch #3, third bullet point).
 
Here's a good article on the topic: Force majeure clauses take center stage in contractors' coronavirus response.

Need help with this or other financial matters faced by construction contractors? Let’s talk!

David Stern CFO makes every effort to provide useful and accurate information. This content, however, is not intended as a substitute for specific business-related financial advice. We disclaim all warranties and liabilities from its use.