Construction surety bonds are securities issued by an insurer that guarantee financially that a construction company will perform their duties or pay a penalty to the contracting entity. The construction company, which could be a general contractor or subcontractor, is called the principal. The contracting entity, often a government or large corporation, is called the [...]
In contract law, a breach takes place whenever one of the parties to a contract fails in fulfilling its obligation or obligations as described in the contract. A breach is said to have taken place whether this failure took place partially or wholly. The breaching party might also have communicated an intent to fail the [...]
Construction contracts typically have contingent payment clauses that state that a contractor will pay their subcontractors once the contractor has been paid by the property owner. These construction contract clauses shift the risk associated with payment so that the risk is shared between the contractor and all of its subcontractors. Based on a precedent set [...]
A number of fraudulent and/or questionable construction claims are filed against major insurance companies each year. Each of these claims has to be investigated and, in many cases, litigated. Many large property and casualty insurers need an experienced local attorney here in South Florida to investigate claims that seem questionable. Insurance companies can conduct extensive [...]
When undertaking commercial or residential construction projects, there is the possibility that construction defects may arise during or after the building process. Contractors, designers, and manufacturers might all do their part to ensure a job well done, but there still remains a chance that errors will occur. Construction defects are one of the most common [...]
Florida Construction Liens Law is a complex array of processes and documentation which creates a number of potential pitfalls for owners and contractors alike. Best navigated by a construction lawyer, lien law is rooted in Part 1 of Florida Statute 713 and consists of 47 sections and nearly 30,000 words. Due to the labyrinthian size [...]
