In the last two years over 2000 construction companies across the country have gone into liquidation. That’s over two a day. Between July 2022 and April 2023 alone, 1,709 construction companies entered administration. In the wake of rate hikes and the slew of...Read More
With much of the building and construction industry still feeling the sting of ever-increasing costs of materials and labour shortages, cost escalation clauses are becoming more common in domestic building contracts as a form of protection for builders. But not all...Read More
Since time immemorial, or at least, for quite some time, “pay when paid” clauses have been void in construction contracts. But everyone knows what that means right? It means that the liability of one party to pay the other isn’t contingent on that party first being...Read More
Where do you stand this Christmas? Yes – It’s all pun and games until someone misses a deadline. Besides the standard non-business days (public holidays, Saturday and Sunday), BIFA imposes a ‘Christmas blackout’ period starting from 22 December up to and...Read More
When entering into any contract, but in particular a residential or commercial construction contract, one of the major factors to consider is time. The ultimate ticking time bomb is practical completion, but multiple factors can influence the time needed to reach...Read More
Whether you are renovating an existing home or building from scratch, most domestic building contracts involve considerable sums of money. In fact, entering a building contract may be one of the most significant financial transactions you undertake. Despite the...Read More
