Navigating the complexities of construction contracts requires a keen understanding of prevalent issues that can arise, from variations and delays to payment disputes and defect liabilities. This resource offers essential tools and insights for practitioners to mitigate risks, resolve conflicts, and ensure smooth project execution. Equip yourself with practical guidance tailored to address common challenges and foster successful client outcomes within the construction sector.
What are preliminaries in a construction contract?What are prelims?‘Preliminaries’ in a construction contract, or ‘prelims’, is typically taken to...
What is a variation on a construction project?A variation (sometimes referred to as a change) is an alteration to the scope of work originally...
Time of the essence—construction contractsWhat does time of the essence mean?Where time is 'of the essence' it means that the stated time for...
Product liability insurance for the construction industryThis Practice Note looks at product liability insurance from the perspective of those engaged...
Time at large in construction contractsThis Practice Note examines the concept of ‘time at large’ in relation to the completion of works under a construction contract, including what time at large means, how it occurs and what the consequences are of time becoming at large (including what
Provisional sumsWhat are provisional sums?There is no precise, standard definition of provisional sum but it is generally understood to refer to an amount inserted into a bill of quantities, or contract sum analysis, to cover certain items of work that cannot be accurately defined, detailed or
Consequential loss in construction projectsIn construction and engineering projects, the financial consequences of a breach of contract may be considerable. For example, if the work is defective or delayed the employer may suffer losses such as remedial costs, wasted costs, loss of profits, loss of
Escrow accounts and escrow agreementsThis Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions
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