Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

In the Spotlight: Ten Suggestions for Owners Starting a Major Construction Project

By Philip R. White
January 31, 2008

There comes a time in the life of almost every company when it will engage in a major construction effort. Often the investment in the project will be among the largest ever made and can run into the tens or even hundreds of millions of dollars. Yet, because the management is expert in its own business and only periodically ' or even rarely ' engages in construction, the organization has little or no experience to call on in this new and important endeavor. The task is daunting because we all know of the horror stories associated with construction projects and their seemingly chronic tendency to finish late and cost more than expected or budgeted. Add to that the problem of having to face design professionals and contractors who make their living in the industry and the dizzying array of choices for how to buy the project, and a daunting task may seem insurmountable. What is an owner to do?

Here are 10 basic suggestions from a seasoned construction litigator, who has spent 20 years working on the back end of troubled projects, to help you on your way to a successful ' even though it may, at times, seem stressful ' project.

1) Have some perspective ' good construction professionals are here to help. On projects with a budget over $100 million (and perhaps some smaller ones), using a strong program management firm, along with a design team, will save money in the end by providing continuity and allowing integration of design and construction expertise.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
Major Differences In UK, U.S. Copyright Laws Image

This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.

Strategy vs. Tactics: Two Sides of a Difficult Coin Image

With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.

The Article 8 Opt In Image

The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.

Removing Restrictive Covenants In New York Image

In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?

Fresh Filings Image

Notable recent court filings in entertainment law.