Garret Murai | California Construction Law Blog It has been a tumultuous year for the banking industry. Since the beginning of this year the industry has seen the collapse of Silicon Valley Bank and Signature Bank, the shotgun marriage between failing Credit Suisse and USB, and, most recently, the collapse of First Republic Bank this… Continue reading 2023’s Bank Failures: What Contractors, Material Suppliers and Equipment Lessors Can Do to Protect Themselves
Tag: Construction Risk
Understanding Infrastructure Disputes: Construction Risks
Pascale Leymin and Seamus O’Doherty | Berkeley Research Group In the second series of BRG’s Understanding Infrastructure Disputes papers, our damages, construction, and energy and resources experts identify risks that can arise during projects from financing through construction to operations, how those risks can best be managed and their potential impact on disputes down the… Continue reading Understanding Infrastructure Disputes: Construction Risks
Unfair Risk Allocation on Design-Build Projects
Brian Perlberg | ConsensusDocs The AGC annual convention included a session entitled “Who’s on the Hook for Design Defects in Design-Build Projects.” Fox Rothschild’s Dirk Haire, Les Synder of Infrastructure Construction Brightline West, and David Hecker of Kiewit presented. Attendees crowded into a standing-only room because more and more builders are facing design liability, especially design-builders on… Continue reading Unfair Risk Allocation on Design-Build Projects
Mitigating Risks and Reducing Potential Legal Issues in the Construction Industry
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
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