Our resources brings you expert perspectives on AI-driven contract administration, dispute resolution, and the future of construction law. Explore thought leadership articles, case studies, industry trends, and practical tips on how generative AI is transforming claims management and legal consultancy worldwide.
Delays are part and parcel of construction projects. But when things like late approvals, unexpected site issues, or supply chain problems slow things down, contractors face more than just missed deadlines….
According to a report by McKinsey, nearly 90% of large construction projects experience delays, with average cost overruns exceeding 20%. And, when multiple delays happen at once, some triggered by the contractor, a couple by the client, and some by third-party disruptions…
According to industry reports, global construction projects lose over $1.6 trillion annually due to cost and schedule overruns. A major chunk of these losses comes from unforeseen prolongation costs, like extended overheads, idle machinery, and prolonged site management….
A prominent Law Firm, MRP-Advisory, is known for its expertise in construction disputes, corporate law, litigation, and intellectual property. As the firm serves a diverse clientele…