Hi,
Viewpoint in my case, the scenario is this, offshore work;
1) EPIC contractor has contracted work for 12 months with owner.
2) EPIC contractor has subcontracted the major item (mechanical equipment) for 8 months to a vendor.
3) Subcontractor for the major item has (mechanical equipment) failed to deliver in 8 months, instead 16 months. a major delay for EPIC contractor.
4) EPIC contractor asked for contract extension and owner agreed, including price adjustment.
5) Owner handed LD to EPIC contractor due to delay as per contract requirements.
Question:
The owner has agreed for the contract extension and handed the LD? Isn't it LD are applicable when owner refused any extension, recovery or acceleration?
Comments are welcomed.
Regards,