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The Ministry of Housing, Communities and Local Government (MHCLG) has published its updated building safety newsletter, with the edition covering...
Tax analysis: In Brants Bridge Ltd and Braccans Ltd v HMRC, the First-tier Tax Tribunal (FTT) dismissed appeals against HMRC’s refusal to relieve the...
The Ministry of Housing, Communities and Local Government (MHCLG) has published its response to the consultation on building control charges,...
Construction analysis: In Avanton v LUC, the Technology and Construction Court (TCC) refused a contractor's application to stay execution of a...
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...
Target cost contracts on construction projectsWhat is a target cost contract?A target cost contract is a type of cost reimbursable contract under which the contractor is paid the ‘actual cost’ (usually defined in the particular contract) it incurs in carrying out the works, but subject to a target
Prime cost and cost reimbursable construction contractsWhat is a prime cost contract?In simple terms, if a contract is agreed on a ‘prime cost’ basis the contractor will be reimbursed the costs it incurs in carrying out the works, ie labour and materials (including those from sub-contractors), plus
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
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