In part 1 of this series, we looked at the rise of business email compromise (BEC) schemes and how they work. Next, we will explore who is liable and how to protect your business from such scams. Who is liable for the loss? The question now becomes who is liable for...
Construction Law
What you need to know about BEC schemes – Part 1
Imagine this scenario: You have an ongoing contractual relationship with a supplier. You communicate with that supplier regularly over email, including the receiving invoices. One day you receive an email that states: “We are moving to an ACH payment method. Can you...
Legal implications of delay and disruption in construction projects
Construction projects are complex endeavors that require meticulous planning and execution. However, delays and disruptions can occur, leading to legal implications that all parties involved should understand. Contractual obligations and responsibilities In November...
Two issues plaguing the construction industry
The construction industry faces its fair share of challenges. In recent times, two significant hurdles have emerged as top concerns for construction contractors: worker shortages and supply issues. JPMorgan Chase's 2022 Business Leaders Outlook survey found labor...
How delays can lead to construction contract disputes
Levelset reported that less than 30% of construction projects finish on time. Even though delays are common within the industry, they can still lead to many issues. Delay disputes are all too common. Preparing for them ahead of time can make the process go more...
When is a contractor not liable for construction defects?
Whether you are a construction contractor yourself or the owner of a construction company that works with contractors, it is likely that you will face a construction defect claim at some point in your career. Defects can occur for a variety of reasons either during or...
What to think about when facing lawsuits
You spend countless hours drafting contracts with indemnification and insurance clauses as a contractor. Whether you are a subcontractor, supplier or overseeing the project, you should know this. Here are some things you should expect in a claim. Claim originator If...
3 Ways To Minimize Construction Bid Issues And Disputes
Construction projects are typically complex endeavors with many people having a stake in the success of the build, including the owner, contractor and any other stakeholders. The bidding process is a crucial part of the success of the project. Bidding issues may...
How To Protect Your Construction Business Against A Defect Claim
Construction projects are long and meticulous, but your involvement as a contractor does not end when your crew leaves the site for the final time. You might still be on the hook for any construction defects that future property owners or lessees may attempt to claim....
3 Ways To Avoid Common Bidding Errors On Your Next Project
When bidding for a construction project, several things can result in your company accidentally submitting inaccurate information. Be aware of common mistakes and follow these practices when calculating your next bid to avoid a costly situation where you might have to...