Originally Posted by
Gunner
They will if they not meet the completion date in the contract unless there is an extension of time. Covid lockdown will extend the contract duration of the project for example as it is not the fault of the contractor. The will likely be fixed rates in the contract and the contractor will have to manage the cost fluctuations on that and depending on the clauses of the contract, this could be a problem for them. There will likely be liquidated damages on the contractors where they'll pay a fee per day if they miss the completion date. This is how OCA will recover costs due to any delays.