Change | 06 October 2025
In recent years, inflation has hit the UK construction industry hard. Contractors and subcontractors have faced rising costs across the board – from materials and labour to energy and financing. An example of rising costs and inflation can be seen in the sale of essential construction materials such as concrete, steel, insulation and timber, which have increased by as much...
Read moreChange | 07 May 2024
In the NEC (New Engineering Contract) family of contracts, a compensation event refers to an event or circumstance that has occurred, entitling one of the parties to the contract to compensation for the impact of that event on time, cost, or both. Key points regarding compensation events in construction contracts include: Definition of Compensation Event:In NEC contracts, a compensation event...
Read moreChange | 07 May 2024
A variation, also known as a change order or change directive, refers to any modification, addition, or omission to the original scope of work specified in the contract. Variations can arise for various reasons, including changes in project requirements, design modifications, unforeseen site conditions, or employer-requested alterations to the original specifications. Key points regarding variations in construction contracts include: Nature...
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