Nick Stewart | Construction Executive During the global pandemic the construction industry saw unprecedented inflation in the cost of building supplies as a result of a myriad of issues. On May 7, 2021, lumber prices hit a record high at $1,670.50 per thousand board feet. This was more than six times their pandemic low in… Continue reading Pandemic-Related Construction Materials Pricing Poses Challenges in Construction Lawsuits
Month: September 2021
Eight Tips for Mediating High-Profile Construction Disputes
Patricia Thompson | JAMS Large-scale global construction disputes often present a complicated mix of factors, such as publicity-associated risks, government oversight, huge project size, a large number of implicated parties and momentous damage issues. At the International Association of Lawyers (UIA) 29th World Forum of Mediation Centres on June 24, 2021, I had the opportunity… Continue reading Eight Tips for Mediating High-Profile Construction Disputes
Is Settling a Bond Claim in the Face of a Seemingly Clear Statute of Limitations Defense Bad Faith?
Christopher G. Hill | Construction Law Musings We have often discussed payment and performance bonds here at Construction Law Musings, most often in the context of payment bond claims relating to federal and state-owned. construction projects. A late 2020 case out of the Eastern District of Virginia federal court examined what happens after such a claim, in this… Continue reading Is Settling a Bond Claim in the Face of a Seemingly Clear Statute of Limitations Defense Bad Faith?
Federal Court Enforces “Limits” and “Most We Will Pay” Clauses in Additional Insured Endorsement
Craig Rokuson | Traub Lieberman In the recent case of Zurich Am. Ins. Co. v. XL Ins. Am., Inc., 20-CV-4614 (LJL), 2021 WL 3617218 (S.D.N.Y. Aug. 16, 2021), the United States District Court for the Southern District of New York—in deciding a motion for consideration—had occasion to review the 2013 ISO changes to the additional insured… Continue reading Federal Court Enforces “Limits” and “Most We Will Pay” Clauses in Additional Insured Endorsement
The Best Laid Plans: Contingency in a Construction Contract
Josh Levy, Katesha Long and Samantha Schacht | Construction Executive This article is the first of a three-part series on contingencies in construction contracts. This series will explain: what a construction contingency is; the two primary schools of thought regarding how a construction contingency fund should be used and managed; and construction contract drafting considerations… Continue reading The Best Laid Plans: Contingency in a Construction Contract