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Standard form contracts provide a sound basis for parties in the construction sector to contract. However, parties should be conscious of the risks and limitations associated with those contracts and ensure that they are carefully reviewed and amended to the specific requirements of a development.
Payment disputes are a familiar story in the construction sector. It is crucial that Employers, Contractors and Sub-Contractors have a thorough understanding of the complex contractual and statutory frameworks governing payment.
It is important that you understand all of the documentation that is necessary as part of the procurement process. This course will explain in simple terms the documents that are required, aside from a construction contract.
It is not unheard of for works to commence on site prior to a construction contract, or even a letter of intent, being entered into or even where such a contract exists, where that contract has not been signed by either one or both of the parties. The risks are obvious.
Red Flag Alert reports that more than 6,000 construction companies could become insolvent in 2023 and perhaps 100 firms could become insolvent each week. In a receding economy, the insolvency of a developer, contractor or sub-contractor can have major implications on the success of a development.
On 14 June 2017 a fire broke out at the Grenfell Tower in West London, where 72 people sadly perished. Following the tragedy, serious concerns emerged about the use of combustible cladding in high-rise buildings; leading to increased scrutiny, regulation and remediation efforts across the construction sector.
Defective works are frequently the subject of construction disputes between contractors, sub-contractors and employers.
The COVID-19 pandemic and Brexit have both had a significant impact on the construction sector, including disruptions to supply chains, labour and material price inflation, as well as increased regulatory requirements and uncertainty.
Construction legislation is complex and ever-evolving, with a myriad of statutes, regulations and case law dictating the rights and obligations of parties involved in the construction sector.
