Texas is a hot-bed for construction. In 2016, according to the Virtual Builders Exchange, Texas was second only to New York in construction expenditures, spending $44.4 billion. And there is no sign that the proliferation of...more
Just as the Texas coast assessed the magnitude of Hurricane Harvey’s damage, Hurricane Irma was taking shape in the Atlantic. Fewer than two weeks later, Irma would crash into the Florida Keys. Estimates put Harvey and Irma’s...more
4/5/2018
/ Construction Contracts ,
Construction Industry ,
Contract Terms ,
Hurricane Harvey ,
Hurricane Irma ,
Insurance Claims ,
Insurance Industry ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Rehabilitation and Restoration Plans ,
Risk Management ,
Scope of Work
Bill Deron bought a 100-acre tract next to a creek outside the City of Houston. Deron planned to build a subdivision where some of the homes abut a creek. The other homes would sit about 15 feet higher than the creekside...more
10/25/2017
/ Building Standards ,
Construction Industry ,
Disclosure Requirements ,
Duty to Disclose ,
FEMA ,
Flood Insurance ,
Flood Zones ,
Flooding ,
Hurricane Harvey ,
Insurance Industry ,
Land Developers ,
National Flood Insurance Program ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Real Estate Development ,
Real Estate Market ,
Regulatory Standards ,
Statute of Repose
Hurricane Harvey caused severe destruction in Texas with its significant winds and historic rainfall. But Harvey may also prove to be a costly lesson for many project owners and contractors. As Texas begins to focus on...more