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Adding Value, Reducing Risk: Peer Review for Construction Projects
In the aftermath of recent construction disasters leading to catastrophic failures and loss of life, the concept of peer review has taken on an entirely new significance. A comprehensive plan and specification peer review is an effective risk management strategy for ensuring quality construction. Indeed, the National Transportation Safety Board concluded in its October 2019 report that inadequate peer review was a contributing factor in the fatal pedestrian bridge collapse at Florida International University in March 2018.
What Is Peer Review?
Peer review is a process by which independent designers examine a construction project's design. A "second set of eyes" will provide an assessment of whether the designer's plans and drawings will result in a building that conforms to all applicable codes and is safe. The review will identify areas where the design is incomplete or contains errors, and assesses whether the design is feasible to build. Peer reviews may be used for quality assurance, risk management, cost and/or code compliance.
Some jurisdictions require peer review for projects that exceed certain threshold limitations such as height, volume or number of occupants. Others require them for unusually complicated designs, and some offer an accelerated permit process where there has been voluntary peer review.
How Is Peer Review Done?
To begin, an owner identifies an independent designer with comparable expertise and experience to the designer of record for the project. The independent designer can be engaged from a different design firm, or can be from the same firm, so long as she or he was not involved in the original design and has the appropriate expertise.
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Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
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Strategy vs. Tactics: Two Sides of a Difficult Coin
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The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.