Every day, hundreds of construction contracts are inked across the nation, including right here in Florida. While many of the parties involved in these contracts -- developers, owners, suppliers, general contractors, subcontractors, sureties, etc. -- may view this as a purely perfunctory process, merely substituting different names or numbers, this is not the view they should take.
After years of uncertainty, it can safely be said that the economy is not only back on firm ground, but also showing signs of sustained growth. Indeed, consumer spending is increasing, hiring numbers are climbing, home prices are rebounding and, of course, real estate development is up.
Does your contract contain a liquidated damages provision that is enforceable?