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Part 1: Proximate Cause Defense in Product Liability Warnings Cases

TASA ID: 4009

Jurors in product liability warnings cases strive to answer these two questions: 

  1. Was the warning on this product defective?
  2. Was a defect in this warning a proximate cause of this personal injury accident?

Plaintiffs do not prevail unless jurors provide a “yes” answer to both questions.  The kinds of arguments and the evidence presented for each of these questions are vastly different from each other.


Humility in Construction Newsletter

TASA ID: 3647

We have continued to work on more detailed risk evaluations on our projects, trying to use Monte Carlo simulation methods that our friends in industrial projects have used to quantify the variations in total schedules that affect their financial outcomes. You might remember the summary chart of how good our master schedules were over several years. I have taken out the small projects from the figure below, which makes it look even worse.

To read the full article, select the download option below.

General Contractor Margin Update

TASA ID: 3647

It’s been awhile since we checked in on general building contractor finances. The best data comes from the annual Construction Financial Management Association annual report, now called the Benchmarker. They survey most financially sound builders each year, and provide data that the builders themselves can use to gauge their progress versus their peers. The last time we did this was in 2013, so we will be seeing what has happened in the last three years as the market and the economy have improved.

To read the full article, select the download option below.

The Risk in CM at Risk

TASA ID: 3647

In the last few months we have started using Monte Carlo simulation and more risk assessment on schedules as a result of the realization of how far we had missed overall schedules in the past. Our colleagues in industrial plant investment decision making have a well developed set of risk management practices to handle their technical, political, and governmental risks.

To read the full article, select the download option below.

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