Termination of major construction contracts has traditionally been seen as a last resort, leading many parties to soldier on in bad situations given the potential risks of terminating. However, recently we have seen parties...more
Japanese heavy-industries companies that typically act as contractors or suppliers on projects are increasingly invited to contribute as equity investors in the projects they construct or supply major equipment to, thereby...more
11/14/2023
/ Conflicts of Interest ,
Construction Industry ,
Construction Project ,
Contract Terms ,
Contractors ,
Dispute Resolution ,
Engineering ,
Equity Investors ,
General Contractors ,
Heavy Equipment ,
Investors ,
Japan ,
Lenders ,
Operation & Maintenance ,
Ownership Rules ,
Performance Standards ,
Procurement Guidelines ,
Project Finance ,
Public Private Partnerships (P3s) ,
Supply Chain
Some construction industry commentators have urged a more integrated approach to design and construction, with equitable risk sharing and an effort to ensure that project design will benefit from the experience of companies...more
11/2/2023
/ Architects ,
Construction Contracts ,
Construction Defects ,
Construction Industry ,
Construction Project ,
Consultants ,
Contract Interpretation ,
Contract Terms ,
Contractors ,
Design-Build ,
General Contractors ,
Subcontractors ,
Third-Party
The global construction and engineering industries are grappling with inflationary pressure, continued impacts from COVID-19 plus material and labour price increases....more