In certain situations, conflicts will arise within the construction industry. Certain types of construction disputes are settled through alternative dispute resolution. One reason alternative dispute resolution is preferred within this industry is due to the relatively short filing to award time. In fact, data from 2015 found that the median time from filing to award time for construction cases averaged only eight months. It’s important to seek out a lawyer to represent your construction business should you be faced with a dispute that needs to be resolved. Considering that, here are three important reasons to enlist the services of a construction law firm.
- Creating Construction Contracts
It’s quite easy for a simple mistake to be made when filing a construction contract. Leaving out one simple matter could result in your business having to fight to receive the payment you deserve. Therefore, it’s wise for businesses to have lawyers for construction companies working with them. Construction lawyers will make sure that any contract is prepared in an efficient and accurate manner. Statistics from 2015 found that American Arbitration Association administered 551 cases in the construction industry with claims equal to or exceeding $500,000. With that in mind, having a lawyer prepare these contracts drastically reduces the risk that arbitration has to take place.
- Helping to Ensure You Receive Payment
Statistics show that over 40% of jobs in the construction industry were eliminated between 2006 and 2011. With that in mind, it’s especially important that a construction company continues to stay in business by receiving accurate payments. Lawyers for construction companies work to ensure that all project costs are covered when a contract is created. Failing to specify all costs when preparing a contract could mean that your construction company has to fight to receive promised funds. With that in mind, it’s wise to enlist the help of lawyers for construction companies. These lawyers will ensure that all costs are specifically mentioned in a contract, helping to ensure you receive payment for all aspects of a project.
- Preparing and Implementing Claims
There are instances where not every part of a construction project goes to plan. For instance, weather issues or worker injuries could delay a project slightly. Considering that, lawyers for construction companies can help these businesses file claims that allow for the deadline for a project to be lengthened. Having a lawyer assist you in preparing claims helps to ensure that your business is able to be treated fairly while dealing with unforeseen circumstances.
To summarize, there are several important aspects of a construction project where it helps to have a lawyer on your side. A lawyer can help ensure that any contract is completed properly, reducing the risk of incomplete information. You’ll find that lawyers for construction companies help ensure their clients receive payments that were agreed upon, lessening the risk of your business losing money. Not all construction projects will go exactly to plan. With that in mind, it’s wise to have a construction lawyer on your side in the event that you need to file a claim regarding a contract.