Mothballing a Construction Project: What Happens to Contracts, Financing and Improvements?

Posted on August 6, 2009 by Joshua Glazov
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Mothballed building.jpgMy colleagues, Dennis Powers and Ty Laurie, just hosted a presentation about mothballed construction projects in collaboration with consultants James Schmid and Melissa Dimitri from Grant Thornton.
 

dla piper.jpgThe speakers explained nuts and bolts options for owners, designers, contractors, and material suppliers when it becomes necessary to suspend work mid-stream on a construction project amid a recession.   They also addressed issues that potential purchasers of a mothballed project face, along with issues purchasers will need to address with their lenders.
 
Gant Thornton.jpg
If you didn't attend in person or view the live webcast, you can listen to the audio and follow the PowerPoint until September 4, 2009.  Or you can click and view just the PowerPoint slides.

 




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