Obligations, responsibilities and time limitations

Floridas construction defect statue, F.S 558.001 and the balance of chapter 558 which became effective on May 27, 2003 has caused considerable confusion amoung construction practitioners and contractors relating to its procedure and enforcement.

Furnish a 10 page a summary of the obligations, responsibilities and time limitations imposed on those parties required to serve notice of the defect and those parties receiving notice of the defect. Discuss both positive and negative aspects as it relates to both parties concerning the mutual exchange of evidence, to the right to inspect the property, destructive testing, the contractors failure to take an action, the contractors failure to honor an agreement to make repairs, and the time limits to complete promised repairs. Finally, provide a conclusion regarding the effectiveness of this statute and its benefit(s) if any, to the construction industry and the homeowner.