F​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​lorida constriction defect statue F.S. 558.001 and the balance of chapter 558 which became effective may 27, 2003 has caused considerable confusion among construction practitioners and contractors related to its procedures and enforcement. This status dramatically altered the industry in the litigation of construction defect claims by requiring homeowners to provide contractors and other allegedly responsible parties with prior written notice and an opportunity to cure the alleged defect prior to filing a lawsuit. Please furnish a summary of the obligations, responsibilities, and time limitat​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​ions imposed on those other parties required to serve notice of the defect and those parties receiving notice of the defect. Discuss bother the positive and negative aspects as it relates to both parties concerning the mutual exchange of evidence, the right to inspect the property, destructive testing, the contractors failure to take any action, the contractors failure to honor an agreement to make repairs, and the limits to complete promised repairs. Finally provide a conclusion regarding the effectiveness of this statue and the benefits if any ,to the construction industry and the homeowner​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​s