Jennifer Grippa | Miles Mediation & Arbitration Currently, the construction industry is in a period of growth due to several factors, including the pandemic-related housing boom, increases in government spending on infrastructure and a rise in demand for warehouses and other industrial spaces. However, some experts are expecting a downturn in the market due to… Continue reading Mitigating Risks and Reducing Potential Legal Issues in the Construction Industry
Tag: Construction Risk
Identifying and Accessing Coverage in Complex Construction Claims
Jeffrey J. Vita and Michael V. Pepe | Saxe Doernberger & Vita I. Introduction First-party, third-party, builder’s risk, professional liability, commercial general liability, wrap-ups, and additional insured status are all potential sources of insurance coverage for a large construction loss. Therefore, it is critical for construction industry participants, from owners and developers to general contractors… Continue reading Identifying and Accessing Coverage in Complex Construction Claims
Mitigate Construction Risk Through Use of Contingency
Laurie A. Stanziale | Construction Executive Mitigation of risk and costs in a construction project are always priorities for owners. In some contracts, in particular, Guaranteed Maximum Price contracts, some of those monetary risks are shifted to the contractor. Contingency is important because it allows for money to be in the budget for the unexpected… Continue reading Mitigate Construction Risk Through Use of Contingency
The Power of Planning: Four Key Themes for Mitigating Risk in Construction
Zac Hays | Construction Executive Construction is, and always has been, known as a relatively risky business. Whether it is dealing with factors that can be controlled or beyond control, proactively managing risk has proven to be of the most critical factors in delivering quality projects faster, more efficiently and with wider margins. Many people… Continue reading The Power of Planning: Four Key Themes for Mitigating Risk in Construction
Emerging from COVID-19: Impacts to Consider
Charles F. Boland and Barrett L. Richards | The Dispute Resolver The relaxation of COVID-19 stay-at-home orders and reopening of the economy is a prominent news headline. As the return to everyday activity progresses it is important to prepare in advance for this “return to normalcy”, which will almost certainly come in stages, especially as… Continue reading Emerging from COVID-19: Impacts to Consider