For the past decade, legal and business professionals in the construction industry have eagerly anticipated the annual release of this best-selling guide. The Construction Law Update, 2005 Edition in its fourteenth year, chronicles and communicates changes in the construction industry. Comprised of 12 informative chapters -- each written by an expert or experts in the field -- the 2005 update offers these contributing authors' timely, practical analysis on many current issues in the construction industry. Construction Law Update brings you up-to-date with new developments impacting six major geographical regions of the United States (the Northeast, Southeast, Midwest, Southwest, Northwest, and West). For these regions, you'll discover what's happening in vital areas like: New legislation affecting payment obligations Minority business enterprise requirements Bidding rights and obligations Contractual rights and obligations Bonds and liens Insurance and sureties Building Code issues Arbitration And more!