
What Payment Terms Are Implied in a Construction Contract if None Are Agreed?
Part II of the Housing Grants, Construction and Regeneration Act 1996 came into force on May 1, 1998. It contained provisions that aimed to improve
Home > Construction
Part II of the Housing Grants, Construction and Regeneration Act 1996 came into force on May 1, 1998. It contained provisions that aimed to improve
Historically, construction contracts in England often have a final account — the last reckoning up that reflects changes that have occurred throughout the project term.
Practical completion is typically defined as the point when a building is complete — save for any minor defects — and the client can take
In an ideal world, all parties to a construction contract would agree on clear terms — particularly those related to payment and dispute resolution —
The concept of a Defects Liability Period (DLP) in construction contracts exists alongside the principle of ‘practical completion’. Under practical completion, the principal can take
Late payments or refusals to pay are sadly part of life in the construction industry, as in many other business-to-business transactions. A well-drafted construction contract
Construction contracts are often lengthy and notoriously complex with numerous parties and contractors. Failure to receive appropriate payments throughout the course of construction agreements is
Construction contracts are famous for their complexity, not least because of the multiple parties in the chain required to complete any given project. Disputes between
Construction contracts are always notorious for their complexity — not least because there are often multiple parties in the contractor chain: Electricians, bricklayers, plumbers, engineers,