We’re Big The design and construction industry in the US is big, totaling over 6% of the US GDP and around 12% of global GDP. In 2018 alone, $1.29 trillion was spent on construction, and more than 700,000 firms employed over 7 million people. And we are the largest consumer of raw materials of any … Continue reading
Schinnerer’s Annual Large Firm Conference Highlights Keeping our policyholders informed about emerging risks is a priority for Schinnerer. In case you missed the announcement last month, we hosted our third annual Large Firm Conference in Denver to cover trends and best practices in the design and construction industry. Among the topics discussed were project delivery, … Continue reading
“Democracy is messy, and it’s hard” said Robert Kennedy, Jr. about the political landscape. Current trends in the built environment may doubly merit that observation. In a democracy where everyone has a vote and a say on a wide variety of issues, decision-making can get complicated. In a very similar way, technology is democratizing how … Continue reading
We have blogged in the past about the arbitration vs. litigation debate. One of the issues with arbitration is that arbitrators are not constrained by statutory and case law and a trial that is governed by established rules of evidence. This has led to a perception that arbitration often leads to decisions where the arbitrator … Continue reading
During the unveiling of the HoloLens 2 at the Mobile World Congress on February 24, Microsoft CEO Satya Nadella talked about how the device will allow construction workers to create, view, and interact with holograms that appear as part of the physical world. The HoloLens 2 is an augmented reality headset that Microsoft is developing … Continue reading
The U.S. Supreme Court unanimously ruled on March 4th that copyright owners must wait for registration before pursuing infringement claims in court. The decision settles a circuit court split wherein certain courts had previously held that merely applying for registration was enough to satisfy the statutory prerequisite for a lawsuit. Although the opinion will have … Continue reading
Project owners want certainty on both the cost of putting a capital asset in place and the time it will take for the productive asset to become available. One of the greatest sources of claims against design firms is the dissatisfaction of clients with the ability of firms to design to a budget and complete … Continue reading
Earlier this year, the AIA published C203-2017, Standard Form of Consultant’s Services: Commissioning. The document has been significantly updated to reflect changes in the industry that have taken place since the prior version. The changes include: provisions describing the consultant’s role to help prepare the owner’s project requirements; detailed description of the consultant’s commissioning plan; … Continue reading
According to a report prepared by Governor Roy Cooper, the early damage estimates to North Carolina’s businesses and infrastructure from Hurricane Florence stand at $12.7 billion. The report provides sector-by-sector assessments and discusses available funding sources. Design firms looking to provide services for recovery efforts can access the full report. As noted in the report, … Continue reading
Blockchain technology continues to spark imaginations in every sector of the economy, including design and construction. About a year ago, I wrote an initial thought experiment into the possibilities. Later, I began to explore more deeply the applications of blockchain technology. And now, while cryptomarkets continue to self-correct the over-speculation of 2017 [Tech talk: crypto … Continue reading
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