How is the value of a contract determined in a construction dispute?

The value of a contract in a construction dispute is typically determined by looking at the contract itself. In Washington, the construction contract will be reviewed to determine the rights and responsibilities of each party as well as the estimated value of the work. The court may also look at agreements between the parties, such as subcontractor agreements. Once the contract value is established, the parties may then dispute the actual costs incurred and the total amount of money earned or lost on the project. In addition, Washington law requires contractors to provide a “notice of completion” to the property owner within certain time frames, and failure to do so could lead to penalties or damages. The court may also look at the specific facts and circumstances of the project to determine the value of the contract. For example, if the project was originally estimated to cost a certain amount but the contractor was able to complete it for less money, the court may award the contractor less money. On the other hand, if the project was estimated to cost a certain amount but the contractor was unable to complete it within a certain time frame, the court may award the contractor more money. Finally, the court may also consider the relative bargaining power of the parties when determining the value of the contract. If one party has significantly more bargaining power than the other, the court may adjust the contract value accordingly.

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How is the value of a contract determined in a construction dispute?

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