In the context of commercial leasing, consideration should be given to what would constitute a penalty versus a genuine pre-estimate of damage for the purposes of enabling a landlord to lawfully claw back a proportion of ...
Bonds creating security for contractor performance are typically seen forming part of the contractual framework underpinning a construction project.
A performance bond is one such type of bond, essentially amounting to ...
Author: Kyle Recker
Additional developments relating to the Silicon Valley Bank and Signature Bank failures have occurred, and the situation continues to evolve. Upon the closure of Silicon Valley Bank the FDIC initial ...
Authors: Karyn Reardon, Elijah Png
Late or inadequate payment schedules attract harsh consequences.In a busy project office with competing time demands, it’s remarkably easy to suffer those consequences.
It’s als ...
Author: Karyn Reardon
Construction is a risky industry. Few construction projects escape time and cost over runs. Maintaining a safe work site requires constant vigilance and design errors can have disastrous consequen ...
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