9 types of security under a construction contract
When you think of performance security under a construction contract, cash retentions and bank guarantees come to mind. However they are not your only options.
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When you think of performance security under a construction contract, cash retentions and bank guarantees come to mind. However they are not your only options.
Read MoreMost informed principals consider AS 4000 to be too heavily weighted in favour of the contractor. Consequently, it is fairly normal to see AS 4000 issued with amendments or special conditions. This ar...
Read MoreConstruction contracts usually contain specific procedures for claiming a variation - which, if not followed, can result in your entitlement to claim being lost. There are six basic steps to follow wh...
Read MoreAS 4000, more formally known as the Australian Standard AS 4000-1997 General Conditions of Contract, is one of the most widely used forms of head contract for construction projects in Australia.
Read MoreThe much anticipated national review of security of payment laws by John Murray AM was released by the Federal Government on 21 May 2018.
Read MoreUsually, yes. A contractor will normally remain liable for defects after the defects liability period has expired. This article addresses a common misconception about the defects liability period unde...
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