Construction Dive

There’s an old saying in construction about there being only two types of contractors: those who have been sued, and those who will be.

While that maxim may be tongue-in-cheek, it received validation recently in a report from business credit scoring agency Creditsafe. The firm found that the construction industry had the third-highest number and cost of legal filings among all U.S. business sectors.

Indeed, construction businesses had 212,582 legal filings entered against them last year, resulting in cumulative losses exceeding $3.36 billion, according to Creditsafe’s State of Credit Risk 2022 report released in February.

This feature is a part of Construction Dive's “The Dotted Line” series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here.