Builder magazine provides news and analysis to developers and contractors in the construction industry. The publication recently featured an article about emerging trends in legal issues in the new year.
It makes perfect sense for condominium owners associations (COAs) and homeowners associations (COAs) to understand what contractors and developers expect in 2019 and how they hope to avoid construction defect litigation.
At the top of the list of construction litigation trends is a prediction that the cost of litigation will keep rising in the new year. The article points out that in the past, litigation only occurred in high-stakes claims involving large sums of money. Times have changed, however, and entities such as condo owner and homeowner associations understand that even smaller-scale disputes may warrant pursuing legal action.
The article also predicts that a tighter labor force will lead to more construction defect claims. As the pace of construction accelerates, the low unemployment rate in Florida makes it more difficult for construction firms to find qualified workers. Contractors will likely lean even more heavily on unskilled laborers with little or no experience in the construction field, especially as the demand for new builds and renovation work increases.
The likely result? Rushed jobs and decreased quality of work, which means a larger volume of construction defects.
HOAs and COAs contending with construction defects should discuss their legal options with a law firm experienced in resolving these disputes in a variety of contexts, including new construction, condo conversions and renovation projects.