Tennessee Supreme Court Holds Economic Loss Doctrine Does Not Apply To Construction Services Contracts

The Tennessee Supreme Court recently held that the economic loss doctrine (ELD) “only applies in products liability cases and should not be extended to other claims.” After years of confusion and guessing by the lower courts and federal district courts in the state, the Court in Commercial Painting Company, Inc. v. The Weitz Company, LLC, et al. (Weitz) declined to extend the ELD and clarified that it does not apply to contracts for services, including […]

By | November 28th, 2023 ||

Construction Trust Funds

Welcome to a comprehensive guide on construction trust funds and why trust is essential in the construction industry. Building projects are complex endeavors that involve multiple stakeholders, including contractors, subcontractors, suppliers, and clients. With so many parties involved, it’s crucial to ensure that funds are managed transparently and responsibly. In this guide, we will dive into the depths of construction trust funds, exploring what they are, how they work, and why they are a […]

By | November 27th, 2023 ||

A Strong Foundation: Safeguarding The Construction Industry In The Digital Age

The adoption of new and advanced technologies has allowed for a digital transformation across business industries. Infrastructure and services supported by technologies such as artificial intelligence (AI), advanced analytics (AA), cyber-physical systems (CPS), machine learning (ML), and robotics have paved the way for increased productivity, efficiency, connectivity, and stronger service offerings. However, the unpredictable risks and challenges embedded within the digital era, particularly as related to cybersecurity, are often overlooked in the excitement of […]

By | October 11th, 2023 ||