Appellate Court Highlights The Essential Role Of Pre-Bid Inspections In Construction Projects

A recent appellate decision underscores the importance of due diligence in construction projects. The dispute arose from a construction contract between Maric Mechanical, Inc. (“Maric”) and the New York City Housing Authority (“NYCHA”). The contract involved the replacement of boilers at the Ravenswood Houses in Queens. According to the contract documents, the project required the construction of 40 temporary shoring towers. However, Maric later discovered that 206 shoring towers were necessary, significantly increasing the […]

By | Mar 30, 2025 ||

The Impacts Of Inflation And Interest Rates On The Construction Industry

What’s the deal with inflation and interest rates? Inflation has been, unfortunately, a hot topic as of late. In the wake of COVID-19, inflation has caused rising prices and unpredictable market conditions that affect everyone from individuals to global businesses. Add in rising interest rates and it’s easy to see how the American economy can suffer.

The construction industry is no exception. Developers, contractors and investors are all acutely aware of rising inflation’s impact on […]

By | Mar 28, 2025 ||

Colorado Decision Results In Major Changes For Public And (Possibly) Private Construction Professionals

A recent Colorado Court of Appeals sent ripples through the Colorado construction industry. In Ralph L. Wadsworth Constr. Co., LLC v. Reg’l Rail Partners et al. the Court of Appeals interpreted Colorado’s Public Works Act to not only bar any right of recovery for nonpayment claims to the extent a claimant submits an excessive verified statement of claim to the public project owner, but offered significant analysis that tends to make submitting a non-excessive claim that much harder. […]

By | Mar 26, 2025 ||