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Keep Disaster Recovery From Turning Into a Bigger Disaster

October 12, 2018 Uncategorized 0 Comments

construction finance disaster recovery

At the risk of stating the obvious, we are now well into fall.  The leaves are turning, the days are getting shorter, the PSL is back, and here at the office, my trademark flip flops have given way to fleece layered over more fleece.

Unfortunately, for those along the coasts, fall means more than just Patagonia and pumpkin flavored everything…it also means hurricane season.

Just as the Carolinas are trying to recover from Hurricane Florence, the Florida panhandle is looking at the wreck of Michael’s wrath…and we’ve still got time left in the season.

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With regards to construction, hurricanes are always a mixed bag.

On one hand, they’re personally devastating, but on the other, they mean plenty of new opportunities for work. As Bruce Springsteen once sang, ‘maybe everything that dies someday comes back’, and in no place is that more true than disaster-ridden tourist destinations. All of those windblown roofs and drenched floors have to be replaced, and plenty of contractors eagerly flock to the site of hurricane devastation, ready to bring the dead (or at least rain-soaked) back.

However, even this boon creates a drawback–new jobs mean new potential pitfalls, for both crews and project owners.

The good news is, the good people over at zlien are pretty experienced in dealing with disaster recovery.

https://blog.zlien.com/construction-payment/the-disaster-recovery-playbook-for-construction-projects/

Now, as a landlocked lawyer, I’m going to defer to them on this stuff–living in New Orleans, they have a bit more experience with hurricane damage than I do.

What I will say, though, is that it’s a worthwhile read.  Some of the information is pretty basic, but invariably, the basics are what we all tend to forget once things heat up.

I know this sounds like a boring task, but please, sit down. Read. Then get to work rebuilding.

I promise, the twenty minutes spent researching this stuff now will be time well spent six months from now, once the hope of new granite and new jobs is replaced by the inevitable litigation of jobs-gone-wrong.

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On a lighter note, my vote is that The Band’s rendition gives the original a run for its money.

 

 

 



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About the Author

Tipper Coker

Lawyer. Vice president of business development. Hopeless nerd who's read far too many AIA contracts.