Legal disputes arising from construction projects commonly involve lien claims (in the case of private construction projects) or payment bond claims (in the case of public construction projects) asserted by a general...more
This article addresses recent developments in North Carolina law regarding the economic loss rule, explores the application of the economic loss rule to commercial construction projects in light of those developments, and...more
Construction projects involve a tiered relationship, which consists of (a) the project owner, (b) a general contractor hired by the owner who manages the construction project as a whole, (c) first-tier subcontractors hired by...more
Liquidated damages are a sum specified in a contract as the measure of recovery in the event of a breach of the contract.
Liquidated damages provisions are common in construction contracts to guard against damages that the...more
10/23/2020
/ Actual Damages ,
Breach of Contract ,
Construction Contracts ,
Construction Industry ,
Construction Project ,
Contract Disputes ,
Contract Terms ,
Delays ,
General Contractors ,
Liquidated Damages ,
Subcontractors