www.lawyersweeklyusa.com/index.cfm/archive/view/id/4314 -
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Published on: 8/11/2008
Last Visited: 8/11/2008
"When you have volatile economic conditions such as we have now, it's very difficult for contractors to wrap their arms around what it's going to actually cost to do a project," said Robert Williamson, owner of Robert Chapman Williamson, P.A. in Jackson, Miss., a firm concentrating on construction law.
Any delay by an owner can cause a much larger increase in the cost of the work, and many of these claims are ending up in litigation, he said.
Another type of claim arises when contractors or sub-contractors run into financial trouble and get sued for bills they owe to other parties, such as suppliers, Williamson said.