CPD 5 - Ending Contracts in Current Socio-economic Context

CONTINUING PROFESSIONAL DEVELOPMENT CPD NO. 05 – 2021/22 Ending a contract in the current socio-economic context General Abstract: Construction industry is very sensitive to macro-economic conditions and reacts to emerging economic trends before they are felt by other sectors. Sri Lankan economy is currently experiencing an unprecedented crisis with unique issues. Most signs of current economic crisis were reverberated by the construction industry in the forms of payment delays, non-performance, delays, supply chain issues, suspensions, disruptions etc. As the crisis deepens, it inevitably will lead to mass suspensions and terminations of contracts....