Within the construction industry, contracts are used to define the contractual duties of each party, the relevant deadlines, how payments will be structured, and how disputes will be resolved if they arise. In many cases, parties to a construction contract negotiate and include mandatory arbitration clauses, which dictate that disputes arising from the contract must...Read More
Since construction projects involve numerous parties, they are inherently complex. Even with careful planning and execution, things can go wrong and cause delays or damage. When something goes wrong and causes disruptions or damage to the project, the affected party might seek compensation, including consequential damages. Here is what to know about consequential damages in...Read More
Nearly all standard contracts used within the construction industry include consequential damages waivers. These clauses purport to waive a party’s liability if a claim arises. However, they are frequently the subject of litigation about their enforceability because many parties don’t understand the meaning of consequential damages, and the clauses themselves are frequently unclear. Here is...Read More
Stakeholders in the Florida construction industry need to be aware of changes to the law that took effect on Oct. 1, 2023. The revisions modify several statutes that deal with liens and bonds. Several new requirements are included. Among them: (1) a party seeking a lien must notify both the contractor and the contractor’s surety ...Read More
New Laws Arising from Senate Bill 360 Construction defects can result in significant losses for property owners and lead to litigation and potentially sizable verdicts against construction companies. Because of this, construction contractors must ensure they adhere to the requirements of the Florida Building Code (FBC) when completing projects and promptly correct any issues when...Read More
