On Thursday 21st November we partnered with Gosschalks Solicitors in Hull to provide a construction law update to over 60 sector professionals assembled. Many thanks to Gosschalks for giving us such an interesting overview of some key cases as well as covering the topics of Practical Completion, “Smash & grab”, Oral Modification and drafting strategies. Here are some key takeaways from the event;
- Termination has a significant impact on Liquidated Damages – and you need to ensure your contact is carefully drafted with express wording to achieve the outcome you desire. Amendments to even the standard forms will often be necessary.
- Make sure your contract is joined up when it comes to Practical Completion. Are any material requirements linked to Completion, and is that linked to Termination? Is PC linked to a third party, and do your requirements line up with those in any subcontracts?
- Smash and Grab adjudication remains alive and kicking – make sure your payment provisions are carefully drafted, and your practices in order, to protect you from paying over the odds.
A PDF of the presentation can be download here
Thanks to everyone who attended and CEYH will be returning to Hull in the new year!