CLAIM ON LOSS AND EXPENSE DUE TO EXTENSION OF TIME IN PUBLIC PROJECT
Keywords:Expenses and losses, Contractor
Expenses and losses for an extended period of time are increasing each year. Losses and expenses owing to the Contractor's inability to clearly understand the contract clause that allows claiming losses and expenses due to an extension of time are what causes this difficulty. Due to an excusable reason, a contractor will try to make up for lost time by increasing their fee. However, further compensation is not available for all legitimate reasons. Due to the Contractor's claims for E.O.T. that do not meet the contract's requirements, this contributes to Contractor failure to claim The Contractor's failure to claim for loss and expense in P.W.D. projects stems from the Contractor's failure to file a notice of intent to claim within the statutory time frame. The Contractor's failure to claim loss and expenditure in P.W.D. projects if they fail to submit claims with supporting documentation or evidence within the stipulated time frame. Contract form 203/203A (Rev. 1/2010) and 50.2 PWD Form D.B. (Rev 1/2010) require the Contractor to produce evidence of his claim for verification by S.O. in accordance with clause 44.2 of the contract terms. All relevant evidence must be submitted within three (3) months of practical completion in this case. Therefore, this study is important to interpret the clauses, which could justify the claim for loss and expense due to time extension, to examine the process and procedure involve in assessing loss and expense claims and to appraise clauses and claims that are permitted for the loss and expenses due to the extension of time for government projects.