13/04/2011 · In the Basement of the Ivory Tower
If the design professional had included the elevators in the original design, the bidders would have increased their respective bids by $150,000 to include the elevators. If the owner seeks $200,000 from the design professional, he will be seeking something for nothing because but for this error, the owner's cost would have been $150,000 higher, and therefore, the first $150,000 the owner spends on the change to include the elevator is NOT real damages. The real damages in this example are only $50,000, the marginal increase caused by the omission of the elevators from the original bid package and design.
At first he was mad at society, because it was racist
(1) One who, in the course of his business, profession or employment, or in any other transaction in which he has a pecuniary interest, supplies false information for the guidance of others in their business transactions, is subject to liability for pecuniary loss caused to them by their justifiable reliance upon the information, if he fails to exercise reasonable care or competence in obtaining or co mmunicating the information.
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