The Dotted Line: 5 ways to protect yourself when taking over someone else’s project

This feature is a portion of “The Dotted Line” sequence, which takes an in-depth look at the complex authorized landscape of the development business. To see the entire sequence, click listed here.

Recently, Lendlease reportedly exited the $1 billion Oceanwide Plaza project in Los Angeles. While the potential of that particular enhancement stays in problem, a new contractor will someday need to complete the do the job if the project is to be concluded.

A contractor stepping into that occupation or any other partially completed 1 will confront numerous concealed worries, in accordance to Randy Heller, a partner at Gallet Dreyer & Berkey, a law agency in New York Town.

“From the point of view of a new contractor coming in, there are a entire various bucket of risks,” Heller claimed. 

Randy Heller

Permission granted by Gallet Dreyer & Berkey

 

Many of the risks center around 1 detail: fixing the

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