Commercial Construction & Renovation

MAY-JUN 2016

Commercial Construction & Renovation helps our subscribers design, build and maintain better commercial facilities by delivering content to meet the information needs of today's high-level executives.

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LEGAL EASE LEGAL EASE Follow are four things you should know about managing a defective building: No. 1 – Timing is everything One of the frst steps a party should take if it discovers or receives notice of a defect is to determine whether, from a timing perspective, the law still allows claims to be made against responsible parties. Every state has laws that limit the time parties have to make claims to enforce their rights or seek recovery after they have been dam- aged (known as a "statute of limitations"). M any buildings, at one point or another, experience leaks or the effects of other design and construc- tion errors. While no two defect claims are identi- cal, parties can make strategic decisions to limit the likelihood of a successful claim against them, and can use those same considerations to successfully assert claims against those par- ties responsible for building defects. Managing a defective building Four things every construction executive should know By Deborah Cazan & Breana Ware 130 COMMERCIAL CONSTRUCTION & RENOVATION — MAY : JUNE 2016

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