The Word “Estimate” in a Contract Matters as to a Completion Date

David Adelstein | Florida Construction Legal Updates Language in a contract matters. The word “estimates” or “estimated” matters particularly when it comes to a date certain such as a substantial completion or completion date.  Remember this. Here is an example. In Parque Towers Developers, LLC v. Pilac Management, Ltd., 49 Fla.L.Weekly D190a (Fla. 3d DCA 2024), a trial court… Continue reading The Word “Estimate” in a Contract Matters as to a Completion Date

Benefits Of Using Construction Estimates When Executing Successful Projects

David A. Pogorilich and Brett Trudeau | Ankura Consulting Group What A Construction Estimate Is And What It Is Not A construction estimate is an educated guess based on experience and industry standards as to what a specific project with a specific scope of work may cost in a particular area of the country during… Continue reading Benefits Of Using Construction Estimates When Executing Successful Projects

Insurers Slashed Hurricane Ian Payouts Far Below Damage Estimates, Documents and Insiders Reveal

Brianna Sacks | Washington Post A Washington Post investigation has found that some policyholders had their claims cut by more than 80 percent When insurance adjuster Jordan Lee entered the cream-colored house battered by Hurricane Ian, the smell from the rain-soaked carpet made it hard to breathe. Piles of pink insulation covered the worn, white… Continue reading Insurers Slashed Hurricane Ian Payouts Far Below Damage Estimates, Documents and Insiders Reveal

To Estimate or Not to Estimate, that is the Question

Kyle F. Arendsen and Christopher J. Giaimo | Squire Patton Boggs Is there any downside to a debtor filing a motion to estimate a claim?  Or, is an estimation motion simply procedural in nature?  As the debtors recently discovered in In re SC SJ Holdings LLC, a motion to estimate a claim before a bankruptcy court… Continue reading To Estimate or Not to Estimate, that is the Question

Blindly Relying on Public Adjuster or Loss Consultant’s False Estimate Can Play Out Badly

David Adelstein | Florida Construction Legal Updates Insurance policies, particularly property insurance policies, have a concealment or fraud provision that, in essence, gives the insurer an out if the insured submits a fraudulent claim, a false claim, or conceals material facts.   Unlike a traditional fraud claim where a party needs to prove intent, the provision is broad… Continue reading Blindly Relying on Public Adjuster or Loss Consultant’s False Estimate Can Play Out Badly

%d bloggers like this: