- October 28, 2021
- Posted by: udohzone
- Categories: Insights, Publications
Stepping into an existing project is a challenge. Experts suggest snapping photographs and ensuring clarity on payments before getting work started.
This feature is a part of “The Dotted Line” series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here.
Recently, Lendlease reportedly exited the $1 billion Oceanwide Plaza project in Los Angeles. While the future of that particular development remains in question, a new contractor will someday need to complete the work if the project is to be finished.
A contractor stepping into that job or any other partially completed one will face many hidden challenges, according to Randy Heller, a partner at Gallet Dreyer & Berkey, a law firm in New York City.
“From the perspective of a new contractor coming in, there are a whole different bucket of risks,” Heller said.