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GLOSSARY

Lead time definition

Published by a LexisNexis Construction expert

What does Lead time mean?

The amount of time between the placing of an order for materials/goods and the receipt of the materials/goods ordered and therefore before an item of work can begin. Included in a programme to indicate time required before an item of work can begin.

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Investment-grade, high yield and crossover bonds

Investment-grade, high yield and crossover bonds What are investment-grade, high yield and crossover bonds? Investment grade (IG) bonds refer to debt securities that carry an IG rating, which is anywhere from BBB and higher on the S&P and Fitch scales and Baa3 and higher on the Moody’s scale (for more information on credit ratings see Practice Note: Credit ratings). IG issuers are typically large blue-chip corporates (well-known, well-established, and well-capitalized companies) and often companies whose equity securities are listed on a major stock exchange. Other than sovereign debt of developed economies, IG securities are frequently seen as one of the safest types of income producing investments. However, because IG bonds are considered safe investments, the yields are lower than those of high yield (HY) bonds. Many institutional investors and pension funds have policies and mandates that require them to limit their bond investing to investments with, on average, lower default rates, such as IG bonds or government obligations. As a broad term, HY bonds refer to...

Website accessibility

Website accessibility All websites should be accessible, especially by people with disabilities. Access to websites is governed by the Equality Act 2010 (EqA 2010) and the Public Sector Bodies (Websites and Mobile Applications) (No 2) Accessibility Regulations 2018 (PSBAR), SI 2018/952, which implemented provisions of Directive (EU) 2016/2102 (the EU Web Accessibility Directive) concerning the accessibility of websites and mobile apps of public sector bodies. (Note that as EU-derived domestic legislation, these Regulations form part of assimilated law and continue to apply in the UK—see Practice Note: Assimilated law.) This Practice Note primarily focuses on relevant UK laws and guidelines for web accessibility. However, businesses which operate in the EU as well as the UK should consider whether they need to comply with any additional or different requirements. In particular, such businesses should be aware of Directive (EU) 2019/882 (the European Accessibility Act) which is broader in scope than the EU Web Accessibility Directive and applies to products and services brought to market after 28 June 2025. See Practice Note:...

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Internal communications plan

Internal communications plan 1 Objectives Provide a summary of your key objectives here. For example: To comply with the requirements of the Bribery Act 2010, we need to ensure all our employees have carried out the online training on our anti-bribery and corruption policies and procedures. This needs to be completed by [insert date]. All employees need to understand that they must have completed the online training, including the self-assessment form, by this date. 2 Audience details 2.1 Audiences involved Set out here details of all the people you need to communicate with. Depending on the size of your business and/or project, you may wish to arrange this by individual, by team or by division. Think about whether they will have any special message requirements, where they are based and any language considerations. Your communications team should then be able to recommend how best to reach them. For example: Group/Individual Special message required? Location Language CEO Yes—need to involve in communications plan London English Senior Leadership...

Dive into our 1 Precedents related to Lead time

Keep the lawyer in the loop—commentary on the new CIArb AI Guideline

Arbitration analysis: The only useful discussion regarding AI is a practical discussion. That is because abstract AI hype causes collective fatigue and audiences switch off. I therefore welcome the new Guideline on the Use of AI in Arbitration (2025) (‘Guideline’) by the Chartered Institute of Arbitrators, which takes a commendably practical approach, all the way to providing draft agreements and procedural orders for the use of AI in international arbitration. Written in partnership with Hanna Roos, arbitrator and counsel, and founder and CEO of Aavalynx and Aavagard.

The financial risks of data protection breaches

IP & IT analysis: Could the financial penalties in the General Data Protection Regulation put organisations at serious financial risk? Kenneth Mullen, partner at Withers and head of its IP and technology team, considers the enforcement regime and the steps organisations (public and private) should be taking in advance of the enhanced reporting requirements.

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