Construction Contracts- Are Milestone Payments Valid and Enforceable? In an important recent decision, the courts have highlighted two important issues when it comes to payments in construction contracts: 1) Milestone payments can be a valid payment mechanism meaning...
Late payments have been the scourge of small and medium size businesses (SMEs) for many years but despite the introduction of legislation to deal with the issue, it has not gone away. Unfortunately, businesses in the construction industry are particularly badly...
What happens when it has become impossible for a business to perform its contractual obligations and there is a force majeure or exemption clause in the contract? Unfortunately, the non-performing party could face having to pay out a significant amount of damages to...
A word of warning to those carrying out works without a fully signed and executed contract in place! The fact that one party has not formally executed a contract does not automatically mean no binding agreement has been reached. This is the vital lesson for businesses...
Property defects often leads to significant additional costs as well as adverse publicity for the companies concerned. An important decision employers often have to make is whether the contractor should be asked – or allowed – to return on site to carry...
Needless to say, payments and when they are due are a crucial factor in any construction project but do you know what rights and remedies are available if the paying party has failed to pay on time or either party has failed to follow the correct process for payment...
