Monthly Archives: September 2013
In a positive sign for the construction economy, noted economist Anirban Basu recently commented on the stability of prices for construction materials in the Producer Price Index. He found the steadiness of construction material pricing particularly important given all the factors that suggest it should have risen.
Continue Reading Economist Basu Comments On Stability Of Construction Materials Prices...
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in
Design Professionals on Sep 3, 2013.
A federal district court in New Jersey recently held that the economic loss rule does not apply to bar a contractor’s negligence claim against the design professional for a project if there is no contract between the contractor and the design professional. Based on the holding in SRC Construction Corp. of Monroe v. Atlantic City Housing Authority, any participant on a construction project in New Jersey may have a remedy in tort.
Continue Reading New Jersey Design Professionals Beware: Contractors Have Grievances...