Cash flow clarity: Interim applications for payment in construction contracts
Ryland Ash and Alexander Creswick have written a feature piece for construction sector publication PBC Today on payment regimes and mechanisms in contracts.
Economic development and rising living standards are driving investment in infrastructure around the world. Our international team provides a complete legal service, non-contentious and contentious, across the lifecycle of construction projects, from initial development and key commercial considerations through to contract management and dispute resolution.
We advise on projects in the Americas, Africa, Europe and Asia across our core sectors of Energy, Transport and Real Estate. By combining the commercial expertise we have acquired over years of working in these industries with technical excellence, we minimise risk and maximise business outcomes for our client.
Because we act for lenders, consultants, sponsors, contractors, developers, governments and local authorities, we have a 360-degree view of the needs and concerns of all parties involved in construction contracts, and this informs our balanced approach to drafting, negotiating, advising and advocating for and on behalf of our clients.
In addition to working with standard form construction contracts such as FIDIC, JCT and NEC3, we regularly create bespoke arrangements to ensure the successful delivery of the commercial aspirations of our clients. Utilising the complementary experience of colleagues in areas such as environment, health and safety and finance also ensures that our advice addresses all relevant considerations for construction projects.
Ryland Ash and Alexander Creswick have written a feature piece for construction sector publication PBC Today on payment regimes and mechanisms in contracts.
Located in Norfolk, England, Redstow has a total capacity of 4.5 MW Combined Heat and Power (CHP) and currently processes circa 75,000 tonnes of energy crop each year.
In this article we discuss a recent decision of the TCC which provided useful guidance on the meaning of “design life” in construction contracts.
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