In the latest development of the Miami-Dade bridge collapse, the attorney for the parents of one student who attended Florida International University (FIU) filed a wrongful death lawsuit. Named defendants include multiple companies that worked on the manufacture and installation of the failed span.
It's important that construction company owners and builders understand that to the homeowner, they are the literal last line of defense against a defective end product. As such, they may face legal liabilities if a defect is discovered at some future point.
Even before the dust had settled on the wreckage of the collapsed Florida International University (FIU) pedestrian bridge, fingers were being pointed at those who allegedly may have some responsibility in the disaster that has thus far killed six people.
It's a contractor's nightmare — being sued for construction defects on a project your company completed. But are you the liable party?
When dealing with construction contracts, it's vital to get the language correct to avoid unnecessary and costly litigation.
If you are a Broward County contractor, you may have faced lawsuits related to construction disputes. While some litigation may be unavoidable in this industry, many mistakes can be prevented or corrected before the paper chase begins.
If your Fort Lauderdale construction company runs afoul of federal laws regarding disposal of hazardous waste, it can cost you plenty of money in fines and penalties.
One survey done a few years ago by Kroll's Global Fraud Report indicated that fraud occurs in 78 percent of construction companies. The construction industry also comes in at second place for the highest incidences of physical assets being stolen — 36 percent.
There is no doubt that construction is a hands-on business. If you are a contractor, you are used to striding around a job site wearing a hard hat and a pair of steel-toed boots. Climbing a ladder to inspect a third-story roof is second nature to you. Your idea of hell is sitting behind a desk in some office.
Business negotiations are both an art and a skill. For those in the real estate development and/or construction industries, profits can rise or fall dependent upon the terms of a contract.