EFI Global

Standout Decisions On Construction Dispute Cases In California

 Wednesday, December 15, 2021

 Reuters

The construction industry is a key contributor to California’s economy. According to the Associated General Contractors of America, in 2019, the construction sector contributed $118.1 billion of the state’s total gross domestic product.

The recently signed federal Infrastructure Investment and Jobs Act is expected to be a boon to the industry, funneling about $45.5 billion to California to improve the state’s infrastructure.

Billions will be pumped into rebuilding roads and bridges and improvements to airports. The package promises to keep public and private construction firms busy for years to come.

The construction trade has been hit with an increasing number of disputes. According to experts, the value of disputed construction costs for projects active within the last year and a half reached $73 billion.

With insurance remaining the backbone supporting this multibillion-dollar industry, a rise in insurance coverage disputes has followed.
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