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The roundtable Q&A session in Ward and Smith’s virtual 2020 Construction Conference covered a range of issues, from employment matters to vetting private clients, based on questions from attendees.
Ward and Smith attorneys and consultants provided insights so construction companies can make smarter decisions for their ongoing business operations.
Should employers have
force majeure clauses in employment agreements?
force majeure clauses were rarely seen in employment agreements.
“Since the pandemic, we certainly have been putting them in certain contracts,” he said. “When you promise somebody they’re going to get paid $80,000 a year as an exempt employee and their compensation’s not tied to certain deliverables, and if there’s a hurricane or any other act of God or a pandemic and the business is slowed down, then those people still expect to get paid $80,000.”
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Construction Conference Roundup: Roundtable Session Covers Employment Contracts, PPP Documentation, How To Vet Private Construction Clients and More Wednesday, May 12, 2021
The roundtable Q&A session in Ward and Smith’s virtual 2020 Construction Conference covered a range of issues, from employment matters to vetting private clients, based on questions from attendees.
Ward and Smith attorneys and consultants provided insights so construction companies can make smarter decisions for their ongoing business operations.
Should employers have
force majeure clauses in employment agreements?
Ken Gray, who leads Ward and Smith’s Labor and Employment Practice Group, said that prior to the pandemic,
force majeure clauses were rarely seen in employment agreements.
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On October 8, 2020, Hank Harris, the director of Ward and Smith Business Consulting and a senior chairman at FMI Corporation, delivered the keynote address at Ward and Smith s 2020 Virtual Construction Conference.
Harris, an industry veteran with over 30 years of experience in construction consulting, addressed the current economic state of the construction industry, forecasted the economic scenarios that construction companies might face over the next year or two, and offered advice on how companies can respond to the changing economic realities.
The Current Economic Outlook
With respect to the current state of the construction industry in 2020 and the COVID-19 pandemic s impact, Harris notes that the pandemic has induced a recession that is likely to wipe out economic gains made by construction companies in 2018 and 2019 and to stagnate short-term economic growth. Thus, most companies should expect growth for 202