Find more ways to say consequential, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. This type of insurance is also called business interruption or business income insurance. consequential - Translation to Spanish, pronunciation, and forum discussions. Consequential definition, following as an effect, result, or outcome; resultant; consequent. '�ŝ� Nk�^h[��#y�{"G�%��7Xn��[���n*]����=H�Ō�U���������%�{W^�Ȑ�}�@b����0����|���:�{�?�+���W�� d�>��x���DCh(�Q.`Ӕ@�i ��@A�'���`@�����X]�i���qW��7�=����T�p���+�=A�������Z\t���˰�� s������� ���e`�e`�ke >�. Consequential: coming as a result. limit contractors’ damages for delay or to waive either or both the owners’ and contractors’ consequential damages—which often [but not necessarily] are schedule-related—or by attempting to quantify them in advance through the use of liquidated-damages clauses. 0000016301 00000 n It makes little sense to have them also define the boundary between direct and consequential damages. The first car accident canno… 0000002596 00000 n As discussed in the previous posting introducing the concept of concurrent delay, owners and contractors often argue for the existence of concurrent delay on their construction projects. `! 0000004916 00000 n 0000001509 00000 n 0000000016 00000 n 0000000916 00000 n Consequential Damages (CD’s) Consequential damages occur when the Contractor breaches a contract and is liable for all foreseeable losses incurred by the Owner. 2. 0000063677 00000 n 94 31 0000016047 00000 n William R. Mauck, Jr. is an experienced commercial litigator specializing in representing clients in the construction industry. Find another word for consequential. 0 0000016794 00000 n Yet some courts follow the Restatement. Collins Thesaurus of the English Language – … 0000004550 00000 n Consequential loss (also known as indirect loss) arises from a special circumstance of the case, not in the usual course of things.It is recoverable only if the paying party knew or should have known of that circumstance when it made the contract, under the second limb of the rule in Hadley v Baxendale [1854] EWHC Exch J70.By definition, therefore, consequential … Recognize that consequential damages that flow from a delay in completion of construction may be may be addressed through liquidated damages terms agreed to by the parties. 0000096470 00000 n 0000036588 00000 n 0000062590 00000 n Consequential definition: Consequential means the same as → consequent . [10] But parties keep on using terms like “consequential or special damages,” and it can be a problem both for the party who believes the terms mean more than they do, as well as for the party who believes the terms mean less than they do. 0000077499 00000 n Two good starting points are the definition in section 715 of the Uniform Commercial Code, and the American Institute of Architects’ definition in … 0000077308 00000 n In other words, it is an indirect loss. 0000001920 00000 n 0000062841 00000 n Additionally, liquidated damages should generally be preferred because the contractor can, at the very least, be aware of the extent of their … Most times there is a lot of money at stake in the form of delay damages. the moves consequential upon this decision, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Consequential and Transitional Provisions Act, Conservacion de la Naturaleza Amazonica del Perú AC. See more. Principal Translations: Inglés: Español: consequential adj adjective: Describes a noun or pronoun--for example, "a tall girl," "an interesting book," "a big house." 41 synonyms of consequential from the Merriam-Webster Thesaurus, plus 104 related words, definitions, and antonyms. 2. Notwithstanding this importance, parties are not always clear on what kind of losses the terms “indirect” and “consequential” loss ca… Parties using these terms are inviting a court to interpret them even … Judge Posner, for example, purported to distinguish between direct and consequential damages, “the … From the Merriam-Webster Thesaurus, plus 104 related words, definitions, and reference. Go beyond the express terms and conditions of the English Language – and... In the form of delay damages is - of the most important in! €“ Complete and Unabridged 2nd … Id Define the boundary between direct and consequential damages not met usually... 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