In recent years, the construction industry has sought to develop a number of collaborative practices through contractual mechanisms designed to encourage the timely sharing of information and the ethos of working together as a project team. Expectations on sustainability and the UK government’s commitment to reach net zero carbon emissions by 2050 are also likely to lead to more intense scrutiny of the industry, with many entities also having to balance these expectations with rising construction costs and labour shortages.Īll these competing pressures signal a greater risk of expensive, multiparty, multidiscipline and complex claims and will doubtlessly have many in the industry considering their rights and obligations under their contracts – in particular, their approach to claims administration and the contract’s dispute resolution provisions. With growth in the scale of projects inevitably comes increased complexity and, in turn, a bigger potential for loss impact. ![]() ![]() ![]() Despite a turbulent year of adjusting forecasts and adapting expectations within the industry during the pandemic, construction and infrastructure projects around the globe continue to grow.
0 Comments
Leave a Reply. |