This week are joined by construction attorney, Bradley Croft, President and Chair of Litigation Department at Ruberto, Israel & Weiner, P.C. Attny. Croft has built a successful practice representing architects, contractors, sub-contractors and developers. The conversation was wide ranging and full of important concepts and insights that every contractor and developer should understand. Some of the topics we touched on include, the fundamentals of construction contracts as well as specific terms and conditions that you should always look out for, mediation vs arbitration, issues related to construction delays including consequential damages and liquidated damages, Duty to Defend which is an insurer’s obligation to provide an insured with defense to claims, the concept of standard of care, how to manage change orders equitably, the prompt payment act, retainage, warranty work, mechanics liens and finally the nuances and implications of the statute of limitations vs statute of repose. Thank you as always for rating and reviewing the Real Estate Addicts Podcast! Disclaimer: this discussion was intended for informational purposes only and should not be relied on as legal advice Podcast Sponsor: First Boston Capital Partners www.grossmanco.com/private-lending/ Trusted partner & private lender providing loans to builders, developers and real estate investors in MA, CT, RI, NH & NY.