James Gallagher, P.E., F.ASCHE – Principal, Resolution Management Consultants, Inc.

A Construction Industry Thought Leader’s Outlook On 2024 Trends Impacting Construction Litigation

The anticipated industry slowdown in starts will likely not slow down the pace of construction-related disputes & litigation, as companies strive to cut costs, extend timelines & stretch payables.” — James Gallagher, P.E.

As we look towards the year 2024, it is important to consider the trends that will impact construction litigation in the industry. James Gallagher, a Principal at Resolution Management Consultants, Inc., provides valuable insights into what we can expect in the coming years.

Gallagher predicts that despite a potential slowdown in construction starts, the pace of construction-related disputes and litigation will continue to rise. Companies will be under pressure to cut costs, extend timelines, and stretch payables, leading to an increase in conflicts and legal battles.

It is crucial for construction industry professionals to stay informed and prepared for the challenges that lie ahead. By understanding the trends and issues that will shape construction litigation in 2024, companies can proactively manage risks and navigate potential disputes more effectively.

How This Will Affect Me

As a construction industry professional, the trends outlined by James Gallagher will directly impact me in the coming years. I will need to be vigilant in managing costs, timelines, and payables to avoid potential disputes and litigation. By staying informed and proactive, I can better navigate the challenges that may arise in 2024.

How This Will Affect The World

The trends in construction litigation highlighted by James Gallagher will have a broader impact on the world. As companies strive to cut costs and extend timelines, there may be implications for project timelines, budgets, and overall industry efficiency. It is important for the construction industry to address these trends collaboratively to ensure sustainable growth and development in the future.

Conclusion

In conclusion, the insights provided by James Gallagher offer valuable perspective on the trends shaping construction litigation in 2024. By understanding and preparing for these challenges, industry professionals can navigate potential disputes more effectively and contribute to a more resilient and efficient construction industry.