What was the verdict on the Baha Mar?

The New York State Supreme Court's Appellate division on April 8 rejected CCA Construction's appeal of a verdict issued last December, finding that the contractor owed Baha Mar resort developer BML Properties Inc. $1.6 billion in damages.

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Q: What was the verdict on the Baha Mar?

The New York State Supreme Court&#039;s Appellate division on April 8 rejected CCA Construction&#039;s appeal of a verdict issued last December, finding that the contractor owed Baha Mar resort developer BML Properties Inc. $1.6 billion in damages.

Category:

Construction - Contractors

State:

Multi-State

County:

Nassau

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract outlines the agreement between a Contractor and an Owner for a construction project in Nassau. A key feature is the cost structure, which can be a cost-plus model or a fixed fee arrangement. The form outlines the scope of work, including responsibilities for permits, soil conditions, insurance requirements, and necessary site surveys. It emphasizes changes to the project scope through formal Change Orders. The Contractor's Fee section allows for detailed specifications on payment terms and conditions related to late payments. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it clarifies roles, responsibilities, and financial obligations. By utilizing this contract, users can mitigate risks associated with construction disputes and ensure compliance with local legal requirements.

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FAQ

The New York State Supreme Court's Appellate division on April 8 rejected CCA Construction's appeal of a verdict issued last December, finding that the contractor owed Baha Mar resort developer BML Properties Inc. $1.6 billion in damages.

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