The success of any construction project hinges on careful planning, execution, and administration. The same is true for construction contracts. A recent Texas Court of Appeals case, Wood Group USA, Inc. v. Targa NGL Pipeline Company, LLC, emphasizes the need for precision in construction contracts and highlights the significant impact such cases have on contracting parties.
Case Background
In September 2018, Targa NGL Pipeline Company, LLC (“Targa”) contracted Wood Group USA, Inc. (“Wood Group”) to construct an 80-mile section of the Grand Prix NGL Pipeline System. The initial contract price was $43 million, with a completion date of March 6, 2019.
