Construction contracts have more than doubled year-over-year in South Florida.
A total of $723 million in contracts for future commercial and residential construction were awarded in South Florida in June — up 101 percent year-over-year from $360 million, according to Dodge Research Analytics cited by the Daily Business Review.
For those in construction law, the swath of cranes swinging above South Florida mean dollar signs. “It’s what I call good-economy construction litigation, meaning that things are being built and they are selling,” said attorney Alan Kluger, a partner at Kluger Kaplan. “We are in a boom. There is no doubt about it.”
Other attorneys are ringing their hands at the prospect of more lawsuits over construction defects, workmanship, change orders and warranties.
“We construction lawyers know this wave of litigation is coming, and we are getting ready,” said attorney Jason Kellogg, a partner at Levine Kellogg Lehman Schneider + Grossman in Miami.
Fonte: The Real Deal