By: Robert D. Chesler and Allen R. Wolff, Anderson Kill P.C.
A New York appeals court has narrowed the conditions under which a party named as an additional insured can access the policyholder's policy for liability coverage. Businesses that make use of additional insured coverage -- as parties to construction projects generally do -- should take note. Read more.
Kite Bricks is introducing a new product that will change the way buildings are being built. According to Smart Brick’s website, the bricks offer high thermal control, full passage of pipes, wires, cables and the like, finishes for both indoors and outdoors, extraordinary strength, ease of construction, safety of materials and total application throughout a structure.
Project owners have legitimate concerns regarding the subcontractors utilized by their contractors. Quality of work is an obvious concern. Issues of job site safety and security also arise. Public project owners have limited control over their contractors’ choice of subs. Private owners have broader discretion, but this authority is not foolproof. Read more.
The Hong Kong-Zhuhai-Macau Bridge Project is an ongoing construction project that consists of a series of bridges, artificial islands and an undersea tunnel that connects Hong Kong, Macau and Zhuhai, three major cities on the Pearl River Delta in China.
“Substantial completion” is largely viewed as the contractor’s big payday when retention is released and the contractor finally collects a large share of its profits. At the same time, substantial completion has many other ramifications under most form contracts.
Many state laws use substantial completion as an important milestone as well for purposes of calculating statutes of limitations and statutes of repose (which in turn govern when lawsuits must be commenced) as well as lien rights. Read more.
The Hudson Yards Redevelopment is one of NYC's largest projects in history. The megaproject is located on Manhattan's middle west side, and will attract over 65,000 visitors a day upon completion in 2024. Read more.
The cynical view of contractor licensing requirements is that they are intended to generate revenue and restrict competition. The broader view – and official public policy – is that licensing schemes protect consumers and project owners. And, the statutes are effectively enforced through provisions that make it impossible for an unlicensed contractor to sue for payment for its work. Read more.
If all goes according to plan, The Jeddah Tower will open in 2020 and become the world’s tallest building. Check out this video of a tour group starting at the 56th floor and being lowered to the ground from a materials hoist by a crane. It’s an amazing view and the building is only one-quarter complete.