Government announces plans for Construction Sector
This month’s newsletter explores significant advancements and trends shaping the construction industry.
John Wallace, MD of Ridgemont, questions whether the government will be able to achieve its ambitious target to build 1.5m new homes in five years citing high interest rates and construction costs, burdensome regulation and a planning regime bulging at the seams.
Tim Seal, Head of Construction at Ridgemont, examines critical issues, including concerns over clients and solicitors modifying standard construction contracts in ways that could create unmanageable risks. He also explores the implications of the recent Technology & Construction Court decision in Workman Properties Ltd v Adi Building & Refurbishment Ltd.
Last month, we partnered with BBS Capital to host a breakfast event at the Royal Automobile Club. We’re thrilled to announce we will be hosting more events in the new year.
If you’d like to find out more about the issues raised in this newsletter or have a legal query, please email Tim Seal on tseal@ridgemont.co or call us on 0203 909 9590.
Amending construction contracts
This article discusses concerns about clients and solicitors amending standard construction contracts to include burdensome or uninsurable terms, highlighting the importance of addressing long-term structural issues in the construction industry.
The Law Society Gazette
Maria Shahid of The Law Society Gazette talks to Ridgemont Head of Construction, Tim Seal, reflecting on the adjudication regime 30 years on from the Latham Report.
The Construction Index
Tim Seal comments on the Technology & Construction Court’s decision in Workman Properties Ltd v Adi Building & Refurbishment Ltd and how it serves as a helpful reminder of what disputes can proceed under Civil Procedure Rules Part 8 in The Construction Index.
RAC Developer Breakfast
Last month we hosted a breakfast event with our partners at BBS Capital at the Royal Automobile Club. Brief updates were given on the government’s announcements in relation to the construction sector, the adjudication regime and capital markets. If you would like to be invited to future events please email mariaalexiou@ridgemont.co.