Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Our panel of experts from Eversheds, Fenwick Elliott, Canary Wharf Group, Beale & Company and Silver Shemmings Ash review the state of the construction industry and make predictions for 2018.
First published on LexisPSL Construction. Click here for a free trial.
RM: The market remains active despite the uncertainties created by Brexit. We have seen, to an extent, the uncertainties being offset by a weaker pound, which is encouraging international investors who are willing to take a longer-term view to
invest. Certain sectors continue to grow, in particular student accommodation, distribution centres and data centres, and there is some upturn in residential new builds. These are generating opportunities in the market in addition to the larger-scale
public sector lead infrastructure projects.
The industry is continuing to face both challenges and opportunities in fairly equal measure and, to date, it’s benefiting more from the opportunities than it is being impacted by the challenges.
JG: The biggest concern for the construction industry is the prolonged uncertainty brought about by Brexit. The issue lies in the fact that we do not have any real idea of the government’s expectations of a post-Brexit construction industry,
or its key objectives for construction in the ongoing Brexit negotiations. In more tangible terms, one of the biggest concerns is labour supply. The free movement of labour has been a major success factor in the UK construction industry, with EU labour
helping to cover an ageing workforce and what some have seen as a failure to invest in training and development to encourage the best home-grown talent in entering construction. This uncertainty makes it difficult to Brexit-proof a contract.
Unless a construction contract expressly addresses Brexit-related risks, it is doubtful that a party will be able to use force majeure clauses or frustration arguments to try and withdraw from what could turn out to be a bad contractual bargain. One reason
for this is that it will be difficult to establish what might and might not be considered as being reasonably foreseeable. Nevertheless, we have seen Brexit-related clauses seeking to address which party takes the risk f
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234