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Can standard-issue building contracts cope with today’s changing realities?

Paul McNeive


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Construction costs are rising at a rate that leaves contractors exposed to great risk after winning tenders for work

Construction costs are rising at a rate that leaves contractors exposed to great risk after winning tenders for work

Construction costs are rising at a rate that leaves contractors exposed to great risk after winning tenders for work

In the busy property market, meeting increasing demand from the private sector, together with public-sector pressure for housing and infrastructure projects, will require exponential growth in output from the construction industry.

However, issues exist as to whether or not contractors will accept the existing standard building contracts in both private and public sectors – or must they be amended to reflect new realities?


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