Contractor Extra Cost/Builder's Risk Arbitration
Represented a contractor in an arbitration claim against a major New England wastewater collection and treatment agency to recover extra costs incurred when the excavation of an interceptor access shaft hit an unforeseen aquifer that flooded the shaft, the cofferdam and surrounding properties. Simultaneously, a builder’s risk claim against an insurer that had already denied coverage was pursued. Both claims were settled for amounts that aggregated to 100 percent of the unpaid contract balance plus more than 90 percent of the claimed extra costs and water damage.