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Most construction phase agreements and some pre-construction agreements contain a time is of the essence provision. If time is of the essence, a delay caused by the fault of the construction manager would constitute a breach of contract and could result in the construction manager's being liable for damages incurred by the owner as a result of the delay. If there is no time is of the essence provision, reasonableness will be the guide when measuring the timelines of the services provided by the construction manager.
Submitted on July 07, 2010
Additional definitions for 'time is of the essence':
time is of the essence | Time is an essential consideration; haste is necessary. |
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"time is of the essence." Phrases.com. STANDS4 LLC, 2024. Web. 21 Dec. 2024. <https://www.phrases.com/phrase/time-is-of-the-essence_21107>.
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