What is “economic waste” and what role does it play in measuring the owner’s damages?
What will be an ideal response?
Economic waste comes into play in those cases in which the defective building
is still serviceable and useful to society. If repairs are possible but would
completely destroy a substantial portion of the work, damage or injure good
parts of the building, impair the building as a whole, or involve substantial
tearing down and rebuilding, then that is “economic waste.”
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