When the Dust Settles: Managing Construction Claims

Episode Summary: In this episode of Las Vegas Business, Bankruptcy and Construction Law Podcast, Tony May delves into the intricacies of construction claims and contracts in Nevada. Tony, who uniquely holds dual licensure as an attorney and a professional engineer, shares how his engineering background enhances his legal practice, particularly in drafting contracts and resolving mechanics liens. The discussion covers the latest updates from the Construction Financial Management Association (CFMA) seminar, focusing on mechanics lien statutes and their impact on contractors. Tony also explores the common reasons for filing construction claims in Nevada, including construction defect litigation and mechanics lien statute claims. Listeners gain insights into the evolving regulatory landscape, such as the implications of AB 39 and RO32-24 on small contractors. The episode provides valuable strategies for contractors to protect themselves against price volatility and supply chain disruptions, ensuring they remain compliant and financially secure. Key Timestamps: 00:01 – Introduction 00:06 – Tony May's Unique Dual Licensure 01:07 – Engineering Perspective in Contract Analysis 02:23 – Importance of Understanding Contracts 02:39 – Insights from the CFMA Seminar 03:55 – Mechanics Liens and Their Importance 04:34 – Common Construction Claims in Nevada 05:46 – Changes in Construction Defect Litigation 07:24 – Mechanics Lien Deadlines and Compliance 09:31 – Consequences of Missing Lien Deadlines 11:01 – Adjusting to New Regulations for Contractors 13:22 – Impact of Price Volatility on Contracts 16:07 – Strategies for Handling Price Escalations About the Show: Las Vegas Business, Bankruptcy and Construction Law Podcast is a podcast dedicated to unraveling the complexities of business bankruptcy and construction law, particularly in Nevada. Hosted by seasoned professionals, the show offers in-depth discussions and expert insights into navigating legal challenges in the construction industry. Whether you're a contractor, developer, or business owner, this podcast provides practical advice and strategies to help you manage contracts, claims, and compliance issues effectively. With a focus on clarity and actionable guidance, Las Vegas Business, Bankruptcy and Construction Law Podcast is your go-to resource for staying informed and empowered in the legal landscape.