Monoline definition

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International construction contracts—commercial and political considerations

International construction contracts—commercial and political considerations This Practice Note identifies the key commercial, political and contractual issues that need to be considered when dealing with construction projects outside the UK, including language issues, local customs, the use of standard forms, funding, shipping/transport, force majeure issues, insurances, law of the jurisdiction and method of dispute resolution. Location of project—practical considerations When an organisation or individual is looking to undertake a construction project in a territory other than its home market, it should ensure it is fully aware of the practical considerations that could arise as a result of the location of the project. Parties need to be aware that positions or behaviour considered as market standard in their domestic market may be different in another jurisdiction. In particular, there may be: • significant differences in contracting practice between different areas. For example: ◦ contracts in civil code jurisdictions are shorter than those in common law jurisdictions, as the code will impose key provisions into contracts and onto the parties to...