Performance bonds and parent company guarantees in construction contracts
29 October 2024
Insight Hub
23 October 2024
The UK government has taken a significant step in addressing the need for the construction of new homes by providing £68 million of funding under the Brownfield Land Release Fund (the ‘Fund’) for 54 local authorities to enable the development of derelict and unused brownfield sites across the country. The Fund is intended to enable councils…
Read more23 October 2024
Various different NEC payment mechanisms are used across the construction industry and all standard forms of construction contract include different payment mechanism options. The three most commonly used payment mechanisms are fixed price, target price, and cost reimbursable, and there is a myriad of variants of each of these mechanisms. The NEC suite of contracts…
Read more17 October 2024
The Department for Energy Security and Net Zero (DESNZ) announced the Warm Homes: Local Grant scheme (Warm Homes Grant) will begin delivery in April 2025 as part of the government’s Warm Homes Plan to upgrade five million homes over the next five years in a bid to cut bills, deliver warmer homes and deal with…
Read more1 October 2024
Recent reports, such as that published by Middlesbrough Council earlier this year exploring their value for money arrangements, have outlined how some local authorities have struggled to secure economy, efficiency and effectiveness in the use of resources. With several high-profile section 114 notices also being issued by authorities including Birmingham City Council in late 2023,…
Read more26 September 2024
The Competition Appeal Tribunal (“CAT”) is this week considering a landmark class action brought against six of England’s largest water companies. The case will have implications for Ofwat, water companies and customers alike. Our regulatory and competition experts consider what we know so far and what lies ahead for the parties and billpayers. Case Overview…
Read more25 September 2024
On 8 August 2024, the Charity Commission updated its Guidance “Local authorities (or councils) and as trustees of charities”. The Charity Commission also published a shortened version for councillors, jointly with the Local Government Association “Local authorities (or councils) as trustees of charities – a guide for councillors”. This new important guidance: Outlines what is…
Read more20 September 2024
The Administrative Court Guide (“Guide“) provides detailed guidance on judicial review proceedings in the Administrative Court, summarising relevant case law, the Civil Procedure Rules (“CPR“), and supporting practice directions. Whilst the Guide does not have legal force, it is “required reading” for all involved in judicial review proceedings. The Guide is now in its ninth…
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