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The Business Contract Terms (Assignment of Receivables) Regulations 2018 and the construction industry

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Published on: 08 October 2018

Published by a LexisNexis Construction expert

Table of contents

Original news
What are the draft Regulations?
How are the Regulations relevant to construction projects?
What type of assignment provisions would breach the Regulations?
Why are clauses banning or restricting assignment included in some construction contracts?
What is the current position in standard form construction contracts?
How prevalent is factoring in the current market?
Do the Regulations give rise to any concerns?
What happens next and what steps, if any, should those involved in construction projects be taking now?

Article summary

Construction analysis: Stephen Rockhill, partner in the construction and engineering team at Stevens & Bolton, considers what impact the Business Contract Terms (Assignment of Receivables) Regulations 2018 (the Regulations) could have on the construction industry if passed into law.

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