Deficiencies are a common reason for litigation in construction proceedings. Dissatisfaction due to deficient work can make homeowners act in a zealous manner – namely, firing existing contractors, hiring subsequent contractors to finish or correct remaining work, and litigating against the initial contractor for the cost of correcting such deficiencies. However, the law recognizes that reasonable opportunities must be provided to correct such deficiencies before setoff or claim rights are allowed.
In this article, we outline some concerns that financiers and developers face when engaging in construction financing, along with the various challenges they face, and the ways in which lawyers can help them navigate these issues.
Every industry has terminology or industry-specific knowledge that non-members of the industry do not think or know about. In the legal realm, I think this biggest non-industry piece of information is the difference between barristers and solicitors.