Truss Faber helps construction companies resolve complex contract situations through risk review and providing outside general counsel.
Client: A marine services company providing construction and other support forcomplex projects in remote coastal environments.
Challenge: The company engaged Truss Faber mid-projectto review a multi-million-dollar contract and strengthen its position goingforward. The company was being forced to perform changed work–tripling itscosts–without any prospect of receiving prompt payment for the changes. The inherent complexities of the underwaterconstruction and salvage work set the stage for the murky contract situation. Contractdetails that seemed minor at signing carried outsized weight once thecircumstances unfolded. That was the case for this client when a potentialcontractual vulnerability came to light, having significant cost and scheduleimplications, and much of the project work remaining.
Action: The Truss Faber team conducted a full contractrisk review, identified the company's strongest positions, and guided the teamthrough negotiations over many months that resolved the matter directly. TrussFaber worked weekly with the company's team to identify new issues early andtake appropriate measures, an approach the company has since applied successfullyto every high-risk project.
Result: The company fulfilled its contractualobligations and secured favorable terms on its claims, protecting its financialstanding. Truss Faber's guidance shaped the company's new approach to contractrisk management across all projects. The firm continues to serve as outsidegeneral counsel, working alongside the company's in-house team to review changeorders and contracts, position claims for favorable resolution and build standardrisk-management practices.
"Truss Faber didn't waste ourtime or our money chasing every possible angle. They knew exactly which fightwas worth having and won it."