The McGuireWoods construction team hosted clients and friends on Oct. 29, 2024, for Construction Industry Challenges, an engaging seminar that highlighted legal and practical considerations on three topics:
- Change orders
- How to anticipate and avoid construction issues
- Legal issues and challenges specific to supply chain constraints
This alert is the second of a series of three updates on these important subjects. If you would like to discuss any of the identified issues, strategies and solutions in more detail, please contact a member of our construction team.
Supply Chain Issues
Supply chain is an often overlooked and important topic in the contracting and completion phase of construction projects. In an increasingly interconnected world, incorporating supply chain considerations into construction contracts is critical to keeping projects on time and on budget.
In this segment, McGuireWoods partner Rick Holzheimer and counsel Patrick Lee identify and discuss common supply chain issues, provide an update on recent supply chain case law, and provide practical tips and best practices on how to adapt your construction contracts to meet current supply chain challenges.
A video of the full seminar and slides are available on the McGuireWoods website. Additional information regarding McGuireWoods’ construction practice also is available here.