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Construction Experts and Claims Consultants Articles List

42 Articles Found

The impact of hurricanes Katrina and Rita on the construction industry is expected to be significant. Last year the U.S. construction market experienced huge price increases for virtually all common construction materials. This year, prior to the storms, construction prices have continued to be high. Shortages of some materials have also continued. The recent devastation caused by these storms is expected to drive prices even higher, increase shortages, and raise wages. Cement was already in short supply prior to the hurricanes and calls for lowering the 55% tariff on imported Mexican cement have gone unheeded. On top of the already high demand for cement, several major cement ports located in New Orleans were disrupted. The U.S. construction market is relying increasingly on foreign cement, as cement imports grew from 20 to 26 percent of the market in the first half ...

I.      Introduction Without question, construction disputes consume precious time, money, and resources for all parties involved. Regardless of the experience and capabilities of the construction professionals involved in a dispute or claim, the claim process can quickly become very complex. Before addressing the process in detail, this paper will provide a general discussion on the definition of a construction claim, the parties involved and the claims made by the parties, and how to deal with claims. I.A.    What is a claim? Quite simply, a construction contract claim is understood to be a demand asserted by one party on another party relating to the services or products specified in the contract. The most common claim on construction projects concerns payment (or nonpayment) for work performed under the general contract. A claim basically boils down to monetary relief sought by one or ...