Calculation of Damages in Construction Arbitration

In construction disputes, claims for damages arising out of delay and prolongation often involve components such as head-office overheads, loss of profit and other indirect costs that are inherently difficult to quantify with precision. 

In such circumstances, tribunals and courts have, over time, accepted formula-based approaches such as the Hudson, Emden and Eichleay methods as tools to estimate such losses. 

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