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|Economists’ Take on the 2015 Housing Market|
Michael R. Bosse; Bernstein Shur;
June 15, 2015, previously published on May 26, 2015In late April, I had the pleasure of attending the Annual Meeting for the Northeastern Lumber Manufacturers Association (“NELMA”) in Boston with my colleague George Burns. In addition to seeing a number of great clients (of which NELMA is one), attending some business meetings, and...
|Women in Project Development & Construction|
Asha Echeverria, Meredith Eilers, Emily L. Kahn; Bernstein Shur;
June 15, 2015, previously published on May 26, 2015Earlier this month, over 50 women in the project development and construction industries from across the state gathered together for a networking event and panel discussion in Falmouth, sponsored by Bernstein Shur. The event provided a unique opportunity for women in the field to make connections,...
|After the Demise of Construction Defect Reform - What Do We Do Now?|
Rebecca Wilcox Dow; Holland & Hart LLP;
June 5, 2015, previously published on May 14, 2015Two weeks ago, the Colorado legislature voted to kill Senate Bill 177, the reform bill intended to correct laws in Colorado related to construction defect litigation. Due to the current, well-documented need for affordable “for sale” homes and condos in Colorado, developers and...
|Not Your Average Bond - Design Services in Alternative Project Delivery Methods|
Alyssa M. Bussey; Smith, Currie & Hancock LLP;
June 2, 2015, previously published on May 5, 2015The rise in popularity of alternative project delivery methods that combine design services complicates the already opaque world of surety bonds. As a general matter, for any project type, a bond is a tripartite transaction in which the contractor pays a percent of the penal sum of the bond to the...
|Primer on Virginia’s Data Breach Law: Part III|
J. Brandon Sieg; Vandeventer Black LLP;
June 2, 2015, previously published on June 2015Previous articles in this series have introduced considerations for Virginia businesses that experience a “breach of the security of the system.” They have discussed Virginia-specific disclosure obligations, including who to notify and what information to provide. But many Virginia...
|Key Questions about Virginia’s Statute of Repose|
Edward E. (Ned) Nicholas; Vandeventer Black LLP;
May 28, 2015, previously published on March 2015Builders and design professionals are sometimes sued for personal injuries and property damages arising out of their construction and design work. Because buildings tend to last for decades, builders and design professionals would face decades of potential exposure to such suits if it weren’t...
|Duty of Care: A Professional Consultant¿s Duty to Warn|
Jacy A. J. Whittaker; Parris Whittaker;
May 27, 2015, previously published by ParrisWhittaker.com on May 26, 2015Parties to commercial contracts owe various contractual duties to each other according to the terms of the contract. But what is the duty of care of a professional consultant to others, for instance, to warn of potential construction problems where there is a risk to others or property?
|Are You Covered? Managing Risk with Commercial General Liability and Builder¿s Risk Insurance|
Christopher Markus; Dressman Benzinger LaVelle psc;
May 21, 2015Although markedly different in purpose and nature, commercial general liability (CGL) and builder¿s risk insurance products are both critical for construction professionals concerned with managing risk.
|Construction Contract Claims Against a Third-Party Lender? The Unforeseen Consequences of a Standard Practice|
Travis A. Knobbe; Spilman Thomas & Battle, PLLC;
May 20, 2015, previously published on May 18, 2015For those of us who commonly represent lenders, there is nothing more unsettling than hearing the words “course and pattern of conduct” or “dominion and control” or some variation of the same. Any suit where someone seeks to impose liability on a bank for something above and...
|Virginia Legislation Significantly Impacts Construction Industry|
Douglas T. Stark; Spilman Thomas & Battle, PLLC;
May 19, 2015, previously published on May 18, 2015At its recently-concluded 2015 Regular Session, the Virginia General Assembly passed legislation which will significantly affect those persons who deal with potential mechanic’s lienors. The revision to section 43-3 of the Virginia Code declares that any attempt by a subcontractor or...