Today’s construction projects are larger and more complex than ever before. If you look across the Philadelphia skyline, as in most major cities across the country and around the globe, you will see throngs of tower cranes leading the way for multimillion and even billion dollar construction projects. In recent years, Philadelphia has seen the development of the FMC Tower, the Comcast Technology Center, the Pavilion of the Hospital of the University of Pennsylvania, and the W Hotel. But as construction projects continue to get larger, so do the risks.

Wrongful Terminations Pose a Serious Risk to Owners and Contractors

One such risk arises out of the termination of a construction contract. Because it is considered a draconian remedy, contract termination will be upheld by a court only upon good cause and rock-solid evidence. A wrongful termination exposes the terminating party to breach of contract damages, which may include lost profits. In today’s world of construction, those lost profits can easily total into the millions.