In the year 2016, the construction market in the United States was worth somewhere around $1.162 billion. That makes it a pretty good sized industry. I’m sure you would agree.
If you are in the construction business yourself, sooner or later, the chances are very good that you will have to face a situation where you will be forced to seek the help and advice of a commercial real estate attorney. Construction lawyers are a thing, and when it comes to the construction industry, a construction law firm will be the experience and expertise you need when dealing with aspects of claims, labor issues, OSHA issues, bankruptcy and more.
You already know that the construction business is quite complex, especially when it comes to big jobs with multiple employees and many different agencies involved. Several different companies might be working on several different aspects of the job. Sometimes, those who are lower on the totem pole might get the short end of the stick and not get the kind of justice they deserve on a grievance.
A quality commercial real estate attorney can handle the specific law as it relates to industry matters. Here are three reasons you need to get one on retainer.
1.) You need resolution.
Sometimes, there is no other way to bring about resolution for your situation other than to go to litigation. However, a skilled commercial real estate attorney can often provide a solution that will satisfy all parties, and save the time, money, and aggravation of having to go to court. Obviously, there is never a one-size-fits-all solution for every case, but when you have got so much on the line, as you do with just about every construction job, having a construction attorney on your side can help in so many different ways.
The American Arbitration Association has reported that arbitration cases are solved much more quickly than litigation. According to federal court statistics, the median length of a jury trial is more than two years.
2.) You need help with delay disputes.
Delay disputes can be brutal in the construction industry. The financial impacts on owners and construction companies alike can be devastating sometimes. Usually, it comes do to the workers who lose the most. When you need to sort out the smoke from the fire, hiring a commercial real estate attorney can help you get to the bottom of who is at fault and how to proceed in the most beneficial way.
3.) You need representation in a contract dispute.
The first national study of bench and jury trials reported that of all the cases filed at the state level, one-third of them are breach of contract cases. When you think about it, you realize that every job you do as a construction company has got to have a contract involved. The bigger your company, the more detailed your contract.
Wouldn’t it make sense, then, to bring someone on your team who has the expertise needed in drawing up and reviewing contracts? And, if something should go wrong, you need your commercial real estate attorney representing your interests in any dispute you might have down the road.