Construction Management Guide

by Ian Ingram-Johnson
 Memories of the GCC, being an island of opportunity for contractors to shelter from worldwide economic storms, are now distant in most people’s minds.

The contracting landscape is so changed from a year ago that it is barely recognisable. Simply put, there is less money for clients, less business for contractors and the fear of insolvency for certain key players. (Read more..)

Amid the current global financial crisis, the construction market has seen a downturn, exposing contractors to risks. JONATHAN BRUFAL* discusses crucial issues contractors might face if the contracted party calls for a change in terms. (Read more..)

To safeguard their interests, employers should carefully word their bonds and underlying contracts to ensure that they have the protection they need in the event that the contractor does become or is likely to become insolvent, writes Martin Preston. (Read more..)

by Shikha Mishra

In light of the current economic downturn, contractors will have little legal recourse if payments for on-going projects get delayed, legal experts say.

The recent cancellation of the US $1.25 billion contract between Dubai-based Meydan and the Arabtec-WCT JV has led to concerns in the market over similar situations arising in the future and the legal recourse available to contractors. (Read more..)

By Laura Evans

Are you planning on remodeling your house? There are many factors you should consider when hiring a contractor; these considerations include having the proper insurance. (Read more..)

What are the options available and mechanisms that a contractor should have in place to safeguard its interests in the event of its employer becoming insolvent? MARTIN PRESTON* of Norton Rose provides a guideline. (Read more..)

by Chau Ee Lee, international construction lawyer of Reed Smith, discusses fundamental changes to the engineer’s role in standard contracts.
 
The Conditions of Contract for Construction for Building and Engineering Works Designed by the Employer, one of FIDIC’s “new” 1999 suite of standard form contracts, sometimes known as the New Red Book, is used regularly in this region. (Read more..)