Recovering after Hurricane Florence

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 →

Opinions of cost

An insured recently asked us for advice in response to his client’s request for an estimate of construction costs. I suggested that instead of providing a “cost estimate,” which may indicate a commitment that the project can be constructed for that “estimate,” it would be preferable to offer to provide an “opinion of probable costs.” ... Continue Reading →

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