The following Construction news provides comprehensive and up to date legal information on Construction contracts by WhatsApp and invoices as payment applications (Jaevee v Fincham)
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...
Escrow accounts and escrow agreementsThis Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or...
Defects liability period and rectification of defectsIt is common in construction projects for defects to manifest or appear in the works. Most...
Performance bonds—construction projectsThis Practice Note examines the nature of performance bonds, why they are required and where they fit into the suite of documentation commonly required for any construction project. The Practice Note also addresses practical issues relevant to the negotiation
Framework agreements in construction—procurement and tenderingFramework agreements are used in the procurement of construction projects in both the public and private sectors. They are, however, more extensively found in the public sector where they are subject to the public procurement rules. This
Retention bondsA retention bond is a particular form of performance bond usually written as an 'on demand' instrument. This Practice Note examines:•the nature of retention bonds•why they are used in the construction industry•the key features in the wording of the retention bondFor a guide to
Parent company guarantees (PCGs) in constructionIn the construction industry, parent company guarantees (PCGs) are commonly given to the employer by the main contractor’s holding company to guarantee the performance of the contract by the subsidiary main contractor. This is a requirement in almost
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