Due to the high stakes and complexities involved, the construction industry is heavily regulated, especially for large-scale projects in major cities. If projects are improperly managed, regulatory hurdles could impede business development, resulting in unexpected costs and completion delays.
Working with a construction attorney experienced in construction litigation laws and regulations could alleviate these concerns, to the greater success of any project.
The following are the top benefits a construction attorney provides to enhance productivity and facilitate business expansion.
Risk Management
Construction projects create the opportunity for many risks, possibly in almost every phase. For example, the company’s policies and operations may expose the business to lawsuits if not carefully crafted and implemented.
Legal requirements before or during construction, and in negotiations with suppliers and clients, also pose risks of contention that may impact project execution and the company’s bottom line.
Relying on a construction attorney familiar with building codes, laws, and precedents can provide valuable insights or they can implement mitigation strategies for these risks by assisting in project planning and compliance.
Contract Resolution
Stakeholders, subcontractors, and suppliers are all driven by profits. As such, they may attempt to maximize their gains through contracts, occasionally resorting to tactics to the detriment of your company, including intricately worded and unfavorable agreements.
A construction attorney can also counter-check or enforce adherence to contractual agreements and litigate contractual breaches.
Dispute Avoidance
Contentions result in the slow down or halting of construction projects and can affect a contractor’s reputation if they reach the public domain.
These disputes can arise from several issues, including contract ambiguities and contract non-compliance. To diffuse and resolve these conflicts, immediately enlist the services of an experienced construction law attorney.
Dispute Resolution
It’s often challenging to deal with disputes proactively without escalating the situation or short-changing yourself. When this happens, project execution and the day-to-day operations of a construction business can be disrupted, which is subversive of the main objective of business development.
As such, disputes need to be addressed promptly and efficiently before jeopardizing the project. Construction attorneys are experts at construction law and can provide solutions based in law and precedent. This should include the ability to advance to alternative dispute resolution or file or defend lawsuits if necessary.
Time Efficiency
In the construction industry, delays are expensive and counterproductive as a result of the contention often between multiple parties. Legal and compliance issues are common causes of missed deadlines.
Construction companies should outsource these services in order to create time for core business activities that drive growth and development. A construction attorney can expedite the handling of these issues by providing legal advice and solutions, minimizing downtime, and maximizing productivity.
Independence
While in-house counsel for a construction company offers familiarity with the company’s operations, they may lack specialized knowledge in larger areas of construction litigation.
Engaging outside counsel brings expertise in navigating complex legal matters, access to diverse resources, and a fresh perspective. While in-house counsel may be pressured by internal governance, independent counsel remains unbiased.
This ensures comprehensive legal representation and better-equipped defense strategies in construction litigation.
Market Trend Insights
Businesses must always be aware of and adapt to the latest market trends in order to stay relevant and competitive. Experienced construction attorneys work with multiple clients across various projects and are able to identify emerging trends and best practices. They can provide valuable insights and recommendations that can inform business development strategies.
Scalability and Flexibility
As a construction company expands, so does its legal needs. The services of construction attorneys are scalable and cater to the changing demands of growing companies. As such, construction companies are assured continuity and consistency in legal services without the added expense of hiring additional in-house staff.
Innovation
Construction attorneys can be instrumental in driving innovation. They have an in-depth understanding of their client’s business models and can provide creative legal solutions to foster growth and development.
For example, they can suggest improvements to company policies and procedures, and assist in improving the contracting process, to accommodate more efficient and profitable deals.
Problem Resolution
With their extensive legal acumen and experience, construction attorneys are able to determine the best course of resolution for legal issues, which is integral in sustaining business growth.
Combatting contractual discrepancies, regulatory challenges, and employee disputes to help minimize disruptions can often be accomplished through alternative dispute resolutions more timely than litigation.
Analyzing the details of the case and any time restraints, an experienced construction law attorney will chart the most appropriate course of action, including litigation if necessary.
Leverage the Expertise of KPPB LAW’s Construction Attorneys
KPPB LAW’s team of experienced construction attorneys provides a wide range of legal services to support construction companies in achieving their business objectives.
They help contractors realize business goals through risk management, contract resolution, project planning, and dispute avoidance and resolution. Schedule a consultation with KPPB LAW today for expert legal support and guidance.