Recession Proofing Construction Contracts - Live At Your Desk

Introduction

The construction and engineering industry contributes around 8% GDP and is therefore an important part of the economy, generating jobs, supply chains and legacy along the way.

In recent times, the wider economy has driven cost increases in projects due to inflation, fluctuations, currency, provisional sums costs and supply of materials and labour, which have all proven very challenging for all players from top to bottom.

This virtual classroom seminar will explore the key problems facing industry in setting up projects and attempting to recession-proof them.

It will explore the standard forms of JCT and NEC contracts and compare key provisions, and well as consider where drafting amendments could be used by contract parties. Finally, we will set some summary points for delegates to take away.

What You Will Learn

This live broadcast will cover the following:

• Backdrop and current status of the market
• Typical construction and engineering project contract set up
• Common challenges: inflation, fluctuations, currency, provisional sums, supply, costs, resources (human and non-human) and insolvency
• How do JCT and NEC standard forms deal with these issues?
• What amendments could be made?
• The wider impact of negotiated contracts: delivery effectiveness and future interests
• Summary of key takeaways

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.