You can't fail to be aware of the debate going on in the media (social and hard copy) as a result of the announcement from Carillion that it was going to extend its payment terms for subcontractors to 120 days. Buy why does it matter so much? Cashflow is King As far back ...
What are Collateral Warranties? In the construction industry, warranties are unusual documents. The two parties to the warranty (the companies who sign the contract) rarely meet. The parties have little communication with or control over the other. My definition of a warranty is that it is a contract entered into between a member ...
How to Bonds Work? A bond is a contract which allows the recipient (the employer) to bring a claim against the bondsman (a bank or insurance company) if a 'trigger event' occurs during the construction project. They often expire at practical completion of the works and are limited to claims up ...