It’s Not All It’s Cracked Up to Be
Source: Berkley Construction Professional
A design-build contractor completed an apartment complex and the owner alleged that concrete cracking throughout the building and on numerous balconies severely impacted the owner’s ability to rent the apartments. It was determined that the foundation design caused the cracking. Repairs had to be made and the owner also needed to be compensated for lost rental income. The total amount to resolve this claim was $1.2 million.