Charles Wall a Moderator for "How Risks Get Assessed Post-Pandemic" at P3 Government Virtual Conference

Charles Wall, partner in Seyfarth's Construction group, will serve as a moderator for the panel "How Risks Get Assessed Post-Pandemic" at the virtual P3 Government Conference on December 10, 2020.

The coronavirus outbreak and the unprecedented measures to contain it resulted in the suspension, delay or material slow down for many projects under construction. How the impacts of these delays are contractually addressed varies by project and protracted negotiations will persist for some time for many existing projects. New projects in procurement must address coronavirus related risks upfront, which has delayed and even canceled some projects. The future project pipeline could be in jeopardy as public entities delay or cancel large capital projects to focus on preserving cash resources. Projects are also exposed to the weakening credit quality of construction companies that will also be unwilling to take fixed-price contract risk without appropriate risk allocation to mitigate coronavirus related risks, reducing the potential pool of bidders. The panel will discuss the impact of this year’s events in terms of risk, contracts, and the potential for new terms and structures to address previously unconsidered forms of risk and expectations for how it will be addressed moving forward.