EDITOR'S NOTES | Issue 4-33
publication date: Aug 20, 2006
According to a recent report cited by Matt Stevens in his upcoming book, Managing a Construction Firm on Just 24 Hours a Day, highway construction projects account for $65 billion of this trillion-dollar industry. So, it comes as no surprise when key players disagree about some aspect of the project or contract. In our first case, a highway contractor submitted a low bid for a project without taking the necessary time to analyze the full scope of the project. He was left with excess costs that could have been avoided by more carefully scrutinizing the bid documents.
The same report shows that residential construction accounts for a staggering $614 billion in yearly construction costs. As shown in this week’s other cases, problems in residential construction can lead to a plethora of legally tense tête-à-têtes.
Whether the project is public or private, heavy or civil, residential or educational, $10,000 or $10 billion, thorough record keeping can help reduce the number of courtroom battles. In our continuation of Tom Frisby’s series on impact claims, he explores the need for accurate documentation through daily reports and regular schedule updates.
This page is available to members only.
To subscribe, click
here
Construction Claims Online Features and Benefits
Whether your role in the construction claims process is as a building owner, designer, contractor, facility manager, attorney or consultant, you will want to keep up with the latest developments in construction law, federal and state policy, construction process and best practices.
Whether you sign up for our free or paid content, Construction Claims Online provides information you need to achieve successful outcomes for project issues and your clients' best interests.
Avoid costly errors by understanding how the boards and courts look at typical disputes situations.
Achieve successful project outcomes.
Defend against unsubstantiated claims.
Reduce or eliminate risks.
