Here in the United States, the construction market and industry is a hugely valuable thing indeed. In fact, by the time that we had reached the year of 2016 it was already worth more than $1,160 billion – and in the years that have passed since, this value has only continued to grow. In many ways, the construction industry matters more than ever before. After all, how else would we create everything from skyscrapers to residential homes to various elements of infrastructure? Our world, in many ways and all throughout the country as a whole, relies quite heavily on this industry of construction here in the United States.
For any construction company, big or small, hiring a construction lawyer will be an important thing to do, precisely because the construction industry is so very important. A construction lawyer from a reputable construction law firm can help any given construction company to understand the intricacies and the ins and outs of construction law – something that can really be quite confusing to people who have not worked in such a field or with a construction lawyer before. Understanding such things are key, of course, to success with just about any given construction project out there.
For instance, a construction lawyer can help just about any construction firm to understand the intricacies of builder’s risk coverage. This builder’s risk coverage is hugely important and should always be obtained for any construction project. Typically, builder’s risk coverage will help to protect any given construction site, from the new construction going up to renovations or additions being made to an already existing structure. In most cases, builder’s risk coverage will last for at least one full year. However, your construction lawyer can help you to renew it should this become necessary at any point in time.
Aside from helping your construction firm to manage things like builder’s risk coverage, having a construction lawyer already on board can be key if anything goes wrong. For instance, matters of labor law should be handled by a skilled construction lawyer or construction attorney. If you run into problems with employees who have been let go, a construction lawyer on board can make all the difference as well.
And this is not an uncommon complaint, especially when you look at recent data. In many parts of the country, the industry of construction has been downsizing quite significantly. In fact, data shows that in the five year span of time between the April of 2006 and the January of 2011, the construction industry as a whole cut employment by as much as 40%. In many cases, these jobs that were cut had simply become nonessential and it didn’t make sense to keep that person on board. However, many a construction lawyer was necessary to deal with many a disgruntled employee who had recently been let go and was contesting that fact.
Of course, the system of dispute resolution that is used by the construction industry as a whole is not the typical one that we would see outside of it. This method is called alternative dispute resolution (though it is often known more simply as just ADR) and works to resolve problems quickly and without needing to involve a court of law. Typically, this method of dispute resolution ends up being quite effective indeed, with the typical dispute completely resolved in only around eight months or so. This, as the average construction lawyer will likely be well aware of, is far less time than what would occur if the case needed to be brought to court instead.
At the end of the day, there is certainly no denying the fact that the role of the typical construction lawyer is a hugely important one, especially in such a country such as our own, here in the United States. For many a construction company or construction firm, the construction lawyer has already proved hugely useful and hugely important in the success of the company, especially over the course of time and change in our country and the world of construction itself.