New Article Published in bau aktuell: „Cost Estimate Overruns from the Perspective of Liability and Insurance Law“
In the latest issue of bau aktuell, Attorneys Dr. Georg Jeremias and Dr. Georg Seebacher, together with Georg Gonschorowski, examine a topic of significant relevance to design professionals, project owners, and insurers alike.
Cost estimates are an essential component of construction projects—but what are the legal consequences when actual costs exceed the original estimate?
The article addresses, among other things: (1) under what circumstances civil engineers, architects, and engineering consultants may be held liable for inaccurate cost estimates; (2) the resulting implications under liability insurance law; and (3) how liability and insurance coverage interact in practice.
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