The statistics for the payment of retentions within the construction sector, although ever-changing, do not make good reading. Some argue, due to poor compliance by a number of firms within the supply chain, retentions could be regarded as the main contract discount (as all too often are never to be seen again!). From October 2017…
Details
As most Contractors are aware, the construction industry is a challenging market sector in which it really is quite simple to lose money. With the collapse of Carillion and harsh market conditions in 2018, 780 companies fell into insolvency in the first quarter alone [1]. In a bid to provide certainty, in this blog we…
Details
You hear the phrase all of the time ‘Consultant Quantity Surveyor’, ‘PQS’ or ‘Commercial Consultant’, but what do these titles convert to by means of help and support within the construction industry? It can vary from practice to practice and consultant to consultant depending upon their specialism, however, in this blog, we wanted to give…
Details
Contracting Parties – Who are you contracting with? – Are you sure? (Read on…) The Scenario: The parties are engaged and the project is going well until unexpected ground conditions pose a risk to the design. Consequently; an independent third-party designer is engaged and contracted to provide a solution. Sounds straightforward right? Wrong… Introducing the…
Details
We have all been there, the date was set; ‘easy to achieve’ the team thought and there it is, slipping away from you by the second. How did that happen you ask? Accurate delay analysis can prove vital to a construction project; as it allows the parties to mitigate and/or manage the potential impact (and…
Details