Case Studies
10 Easy Ways Owners Can Cut Construction Costs and Reduce Risks Now
Posted in Case Studies
The good news is that owners can reduce construction costs and risks. Following are Stark & Stark’s Top 10 tips for owners to consider: Refinance. You can cut construction costs, improve loan terms, and reduce risks by taking advantage of low interest rates, rising property values and available financing. Obtain… Continue reading
Triggering the Protections of the Consumer Fraud Act with Breach of Contract
Posted in Case Studies, LITIGATING CLAIMS
You hire an architect to prepare plans for the construction of a new home and a developer to execute those plans and physically construct the home. The plans require the testing of the underlying soil to confirm that the bearing capacity of the soil is adequate to support the weight… Continue reading
Insurers of General Contractors Can No Longer Hide Behind Business Risk in Refusing to Defend Their Insureds in Construction Defect Litigation
Posted in Case Studies, Community Associations, INSURANCE COVERAGE & LIABILITY, LITIGATING CLAIMS
Generally speaking, a contractor’s commercial general liability (“CGL”) policy is designed to cover personal injury or property damage caused by an accident resulting from the contractor’s work. The policy is not meant to be a guarantee of the contractor’s work and therefore does not cover damages to the work itself… Continue reading
Expansion of the New Jersey Consumer Fraud Act
Posted in Case Studies, LITIGATING CLAIMS, NEWS
The New Jersey Supreme Court announced a sweeping expansion of the NJ Consumer Fraud Act, N.J.S.A. 56:8-2 (“CFA”), to include work done by contractors performing interior work on new construction. In Czar Inc. Heath, A-114-07, decided 3/13/09, the Supreme Court ruled 6-1 that new homeowners who act as their own general contractors for interior finish work have a right to assert claims under the CFA against the Czar, Inc (“Czar”), the subcontractor responsible for doing installation of kitchen cabinets, doors, chair railing and other interior finishes. Continue reading
