Navigating Tariff Risk In Construction And Development Deals

Over the past few months, there have been significant changes to tariffs by the United States and other countries around the world. These changes continue to evolve and there is significant uncertainty about the timing, rate, and overall impact of tariffs. The magnitude of uncertainty and cost associated with tariffs has resulted in new and increased risks to existing and prospective real estate projects. We see this broken down into the following questions from […]

By | Apr 30, 2025 ||

Appellate Court Highlights The Essential Role Of Pre-Bid Inspections In Construction Projects

A recent appellate decision underscores the importance of due diligence in construction projects. The dispute arose from a construction contract between Maric Mechanical, Inc. (“Maric”) and the New York City Housing Authority (“NYCHA”). The contract involved the replacement of boilers at the Ravenswood Houses in Queens. According to the contract documents, the project required the construction of 40 temporary shoring towers. However, Maric later discovered that 206 shoring towers were necessary, significantly increasing the […]

By | Apr 28, 2025 ||

The Impacts Of Inflation And Interest Rates On The Construction Industry

What’s the deal with inflation and interest rates? Inflation has been, unfortunately, a hot topic as of late. In the wake of COVID-19, inflation has caused rising prices and unpredictable market conditions that affect everyone from individuals to global businesses. Add in rising interest rates and it’s easy to see how the American economy can suffer.

The construction industry is no exception. Developers, contractors and investors are all acutely aware of rising inflation’s impact on […]

By | Apr 26, 2025 ||