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Liquidated Damages: How to Manage Exposure Without Undermining the Deal
Liquidated damages (LDs) are a standard fixture in construction contracts, designed to compensate the principal for delay without needing to prove actual loss. But in practice…
Latent Conditions: A Risk That Can Sink a Project Before It Starts
In construction, no matter how well a project is planned, unexpected conditions below the surface can derail budgets, schedules, and relationships…
Why Builders Should Embrace Provisional Sums in Contracts
Provisional Sums are often misunderstood, but when used strategically, they offer real benefits for builders…
Builders are currently playing piggie in the middle
Builders are being pushed by Developers and their Project managers to complete projects, but subcontractors are not co-operating, which includes:..
No more friends in the Construction Industry
Sadly, the construction industry is becoming more and more cut throat every day. …
Pay subbies what they are owed, nothing more
Builders are increasingly having issues with subcontractors over delays to the work, quality of the work and subcontractors generally walking off the job for no contractual reason…
Top ten things builders must do in 2022
Builders now more than ever need to ensure they go back to basics to ensure their survival in these tough times.