Legal & Business
It is fairly well-accepted that in adjudication proceedings, the parties will not recover their legal costs from the other side regardless of the outcome. It is a swift, temporarily binding process intended to keep cash flow moving and not interfere with projects as they progress. Here, Nichola Vine from Wright Hassall explains further.
Late, partial and non-payment continues to cause serious problems within the construction industry. Jonathan Hyndman, Partner at solicitors firm Rosling King, looks at the issues to be considered before an unpaid party suspends performance or seeks to terminate following non-payment.
Award-winning business recovery specialist, Gibson Hewitt, is warning members of the construction industry to keep on top of snagging lists to prevent business distress.
Michael Hiscock, Partner in the Construction and Engineering Team at Wright Hassall, talks to FC&A about navigating payment plans and schedules.
Last year’s Autumn Statement included welcome plans to invest in innovation and infrastructure. However, while this will have a significant effect on the construction industry, Duncan Green, Managing Partner at Pick Everard, considers what the investment means for SMEs.