by Shikha Mishra
In light of the current economic downturn, contractors will have little legal recourse if payments for on-going projects get delayed, legal experts say.
The recent cancellation of the US $1.25 billion contract between Dubai-based Meydan and the Arabtec-WCT JV has led to concerns in the market over similar situations arising in the future and the legal recourse available to contractors. …
By Laura Evans
Are you planning on remodeling your house? There are many factors you should consider when hiring a contractor; these considerations include having the proper insurance. …
What are the options available and mechanisms that a contractor should have in place to safeguard its interests in the event of its employer becoming insolvent? MARTIN PRESTON* of Norton Rose provides a guideline. …
by Chau Ee Lee, international construction lawyer of Reed Smith, discusses fundamental changes to the engineer’s role in standard contracts.
The Conditions of Contract for Construction for Building and Engineering Works Designed by the Employer, one of FIDIC’s “new” 1999 suite of standard form contracts, sometimes known as the New Red Book, is used regularly in this region. …
