The Dotted Line: 5 ways to protect yourself when taking over someone else's project
Written By:
10/28/21
By Leslie Shaver
Featuring Randy J. Heller Partner, Gallet Dreyer & Berkey, LLP
Recently, Lendlease reportedly exited the $1 billion Oceanwide Plaza project in Los Angeles. While the future of that particular development remains in question, a new contractor will someday need to complete the work if the project is to be finished.
A contractor stepping into that job or any other partially completed one will face many hidden challenges, according to Randy Heller, a partner at Gallet Dreyer & Berkey, a law firm in New York City.
"From the perspective of a new contractor coming in, there are a whole different bucket of risks," Heller said...