With labor and materials shortages growing in tandem with demand for new developments, landlords need to prepare for the inevitability of construction defects. In an article published on 4/14, Phillip Joseph and Gabriel Coelho provide insight into how labor shortages and supply-chain logistics, combined with rising costs and inexperienced workforces, will lead to construction defects. Owners/operators of the property must diligently evaluate the development for any actions to be taken.
“It will always be the responsibility of the owner/operator to evaluate and maintain their properties properly,” write Phillip and Gabe. “In the current climate, there is little doubt that the skilled labor shortage, accelerated schedules, materials shortages, and increased costs are leading to improperly supervised work, which will lead to significant construction deficiencies. Future owner/operators must act swiftly upon taking ownership to properly evaluate their property to determine if any action is needed.”
To read the story in full, click here.