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Litigation need not be the inevitable result when a major construction project encounters serious problems or delays. Timely, expert assistance can greatly aid in getting a troubled project back on track while avoiding costly and protracted litigation. Howrey’s highly experienced construction lawyers have assisted numerous owners and contractors in formulating and implementing a custom-tailored course of action designed to restructure a troubled project to materially improve progress and projected costs, while minimizing or avoiding claims and disputes. Timely intervention of this nature is generally highly cost effective and our advice is often rendered without the other contractual parties even knowing that outside counsel has been consulted.
Howrey’s Troubled Project Services team can quickly diagnose the key impediments affecting a project and suggest an appropriate course of action designed to improve the client’s legal position and the effectiveness of the client’s project team.
Depending on the seriousness of the problems, our prescription can range from minimally intrusive adjustments in project procedures to an extensive revamping of the project participants and their roles. Our services have frequently proven invaluable in salvaging a successful project result from dismal prospects, and minimizing or avoiding entirely the disputes that all too often flow from troubled project situations.
The warning signs of a troubled project often appear early, when there is still time to take corrective action. However, a project that seems to “get off on the wrong foot” only rarely corrects itself. Howrey’s Troubled Project Services team has the experience and expertise to identify the corrective actions needed and to guide their successful implementation.
Warning signs of a troubled project
Howrey’s Troubled Project Services team brings to bear extensive experience with a wide variety of troubled projects. Effective advice in the context of a project in trouble involves a combination of in-depth knowledge of the respective contractual rights and obligations of the various parties with a sound practical understanding of how projects function in reality and the ever-evolving art of the possible. Howrey’s construction lawyers offer a unique combination of capabilities and experience, providing practical and clear advice to owners and contractors enmeshed in the day to day interchanges and decision making of an ongoing major project.
Construction practice areas of focus:
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