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The following Construction news provides comprehensive and up to date legal information on Care homes, construction defects and commercial loss–guidance from the Technology and Construction Court (Toppan & Abbey v Simply)
What are preliminaries in a construction contract?What are prelims?‘Preliminaries’ in a construction contract, or ‘prelims’, is typically taken to...
What is a variation on a construction project?A variation (sometimes referred to as a change) is an alteration to the scope of work originally...
Time of the essence—construction contractsWhat does time of the essence mean?Where time is 'of the essence' it means that the stated time for...
Product liability insurance for the construction industryThis Practice Note looks at product liability insurance from the perspective of those engaged...
Prime cost and cost reimbursable construction contractsWhat is a prime cost contract?In simple terms, if a contract is agreed on a ‘prime cost’ basis the contractor will be reimbursed the costs it incurs in carrying out the works, ie labour and materials (including those from sub-contractors), plus
What is a 'Golden Brick' agreement?A ‘Golden Brick’ scheme or arrangement is a method of structuring the acquisition of land (with no buildings on it) for residential property development that mitigates VAT exposure for both the vendor and the purchaser. A ‘Golden Brick’ agreement will set out the
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
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