Design Professionals May Be Subjected To A Contractor’s Claim For Economic Damages
10/28/2016 | Articles & Alerts
Until recently, design professionals did not have a concern about being subjected to a lawsuit by contractors seeking economic damages based on the theory of negligent misrepresentation of design plans and specifications. The Pennsylvania Supreme Court’s decision in Bilt-Rite Contractors, Inc. v. The Architectural Studio, filed on January 19, 2005, should create a concern amongst all design professionals. Prior to the Bilt-Rite Supreme Court Decision, Pennsylvania Courts applied the Economic Loss Doctrine in barring a contractor from seeking a claim […]
Contractors May Now Bring Direct Action for Economic Losses Against Design Professional
10/28/2016 | Articles & Alerts
A very recent Pennsylvania Supreme Court opinion (January, 2005) has significantly changed Pennsylvania law, allowing a general contractor to directly sue an architect in negligence for additional construction costs caused by defective plans, drawings, and specifications. Based on this decision, contractors working on Pennsylvania projects may now bring direct actions against design professionals to recover purely economic losses caused by errors and omissions in their design documents.
Building In Pennsylvania? Make Sure You Understand Mechanic’s Liens
10/28/2016 | Articles & Alerts
If you are a developer of commercial property, a homeowner building a new home, a contractor working on a commercial or residential project, or a subcontractor or supplier, you may never have heard of a mechanic’s lien. In today’s tight economy and difficult lending environment, an understanding of mechanic’s liens can be terribly important whether you are developing or constructing a building.
The Irs’ Fresh Start Initiative
10/28/2016 | Articles & Alerts
Beginning in February 2011, the IRS announced a series of new steps to help struggling taxpayers get a fresh start with their tax liabilities. The goal was to help individuals and small businesses meet their tax obligations. Over the past several years the IRS has announced a softening of its collection policies under its fresh start program.
Basics of the Net Investment Income Tax
10/28/2016 | Articles & Alerts
As the end of the year approaches, many taxpayers will soon be feeling the bite of the Net Investment Income Tax (which is not required to be withheld from wages and is subject to estimated tax provisions). What it is, who it impacts and how it is computed are summarized below.
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