Loss and expense

With every project there will be unforeseen instances that fall outside of the contract terms where the contractor incurs a loss or additional expense. In such circumstances a claim for loss and expense is appropriate.

These events could cost time, resources or be purely financial – whatever the cause appropriate recompense should be agreed, whether that is additional funding or an extension of time or both.

A claim for loss or expense by a contractor should not be, and should not be seen to be, an attack on the employer or on the employer's team. It should be handled diplomatically from a neutral standpoint.

This section is maintained by Richard Mills of Mills & Co Solicitors.

RICS standards: Cost reporting

Checklist: Evaluation of claims checklist