Ditchmen • NUCA of Florida Ditchmen • May 2017 | Page 10

of repose for construction projects. The bill defines the date of completion of a construction contract to be used when determining the start of the statute of limitations and statute of repose in construction defect cases. The measure was advanced in response to a recent court decision that found that a construction contract is complete when the final payment is made. Current law provides that a cause of action founded on the design or construction of a building is subject to a four- year statute of limitations and a 10-year statute of repose. The statute of limitations and the statute of repose begin at the latest date of the following: • The date of actual possession; • The date a certificate of occupancy is issued; • The date construction, if not completed, is abandoned; or, • The date the contract is completed or terminated. The statute of limitations for a latent defect begins when the defect was or should have been discovered, but the statute of limitations may not extend beyond the statute of repose. The statute of repose, therefore, may limit a cause of action for a latent defect even if the injured party has no knowledge of it. The bill provides that a construction contract is considered complete on the latter of the date of final performance of all the contracted services or the date that fin