Tennessee Supreme Court Holds Economic Loss Doctrine Does Not Apply To Construction Services Contracts

The Tennessee Supreme Court recently held that the economic loss doctrine (ELD) “only applies in products liability cases and should not be extended to other claims.” After years of confusion and guessing by the lower courts and federal district courts in the state, the Court in Commercial Painting Company, Inc. v. The Weitz Company, LLC, et al. (Weitz) declined to extend the ELD and clarified that it does not apply to contracts for services, including […]

By | November 28th, 2023 ||

Construction Trust Funds

Welcome to a comprehensive guide on construction trust funds and why trust is essential in the construction industry. Building projects are complex endeavors that involve multiple stakeholders, including contractors, subcontractors, suppliers, and clients. With so many parties involved, it’s crucial to ensure that funds are managed transparently and responsibly. In this guide, we will dive into the depths of construction trust funds, exploring what they are, how they work, and why they are a […]

By | November 27th, 2023 ||

Key Changes To Ohio Construction Law For Certain Public Entities Beginning October 3, 2023

Effective October 3, 2023, the threshold amount for rejecting bids when they exceed the original construction estimate will increase for certain Ohio public entities. Previously, Ohio Revised Code (ORC)153.12 specified that no public owner, including the State of Ohio (State), could award a contract to a bidder whose bid exceeded 10% of the construction estimate. Effective October 3, 2023, only the State must reject bids that exceed 10% of the estimated contract amount, while […]

By | October 3rd, 2023 ||