Post Construction Interest: What You Need to Know

The phrase “post construction interest” is frequently used in the building sector. It describes the interest that is assessed on a construction loan after the project’s construction period is finished. In essence, it is the interest that is charged on the loan throughout the time between the construction’s completion and the loan’s repayment. The last … Read more

Can You Claim AIA on Buildings?

Can you claim AIA on buildings? If you build, buy or lease a structure and all construction contracts were signed on or after , you may be able to claim tax relief. The applicable rate for structures and buildings allowance. Corporation tax Rate to 2% onwards 3% Read more on www.gov.uk The American Institute of … Read more

Is the Main Contractor Liable for Subcontractors?

Is main contractor liable for subcontractor? A general rule of contributory negligence is that a main contractor is not liable for the negligence of its independent subcontractor. There are some exceptions to this rule, including: The main contractor had actual knowledge that the sub-contractor’s work had been done in a foreseeably dangerous way and condoned … Read more

Construction Design Liability: What It Is and Why It Matters

What is construction design liability? If a party is said to have ‘design liability’, it means that it bears legal responsibility for all or part of the design of a construction/engineering project. Read more on www.lexisnexis.co.uk The legal responsibility of design experts, such as architects, engineers, and contractors, for the design of a construction project … Read more

Supplemental Provision 6 JCT: A Guide

What is supplemental provision 6 JCT? JCT SBC 2016 is a traditional construction contract with no provisions for collaboration unless the Contract Particulars state at Schedule 8 that Supplemental Provision 1 (Collaborative working) and/or Supplemental Provision 6 (notification and negotiation of disputes) apply. Read more on www.builtintelligence.com In JCT Design and Build contracts, Supplemental Provision … Read more