Colorado Real Estate Journal recently published an article written by shareholder Kate McDonald on how to navigate construction defect statutes of limitation and repose in Colorado. Read the full article here and an excerpt from the article below.
As Colorado’s construction industry continues to boom, so does the potential for lawsuits, including those involving alleged design and construction defects and deficiencies. In any construction project, it is common for disputes and claims to surface, no matter the size or location of the project, which causes developers, design professionals, contractors and subcontractors (collectively “construction professionals”) to face numerous challenges. Those same parties tend to face these defect and deficiency lawsuits years after the project is completed. Understanding the time limitations applicable to such claims is paramount to a successful project, which includes identifying and managing risk.