When it comes to your construction or infrastructure project, ensuring your contracts are watertight will help reduce the risk of time-consuming, costly and stressful legal challenges.
Similarly, if you are being contracted on a construction project, it is important to understand any legal liabilities for your business in these contracts, too.
To help you protect your business, LegalVision hosted a free webinar on Construction Contract Essentials on Thursday, 12 August at 11 am AEST. In this webinar, Robert Nay (Senior Lawyer) and Kylie Hope (Senior Lawyer) discussed:
+ practical tips when reviewing and populating contracts;
+ liability clauses, including liability caps and consequential loss;
+ time, cost and quality matters in contracts; and
+ contract management tips.
0:00 - Intro.
0:46 - Summary of today's discussion.
3:02 - Procurement and design phase: Procurement methods.
6:01 - Forms of contract.
7:38 - Relevant laws.
12:55 - Construction phase.
15:16 - Construction phase: Time.
19:19 - Construction phase: Cost
21:30 - Construction phase: Quality.
25:19 - Liability provisions.
33:48 - Download '6 Key Construction Contract Clauses' fact sheet.
33:55 - Live Q&A.
34:05 - On major construction sites, technically there is one nominated principal contractor for a construction project, so what happens if a client adds additional contractors and who is in control of them?
35:08 - Is there any merit in bank guarantees over retention monies and are there any concerns about getting security back in the future the attendee has said usually as a contractor we're able to elect which method we prefer?
37:38 - Based in New South Wales and holding retention money as security, do their retentions need to be held in a project bank account?
38:12 - It's becoming common for clients to want us to be named as insured parties in our insurances. Is this unreasonable? Our insurance broker usually advises us to ignore this request.
39:32 - Can a principal contract out of the security of payment legislation?
40:19 - Who is responsible for monitoring and issuing an extension of time notices?
40:51 - Special offer for webinar attendees.
42:54 - Webinar wrap up.
About Robert Nay
Rob is a Senior Lawyer with expertise in Construction and Commercial Law. He has over five years’ experience practising as a lawyer in Australia, including prior experience at a national mid-tier law firm.
About Kylie Hope
Kylie is a Senior Lawyer in LegalVision’s Construction and Infrastructure team, with experience practising in Australia and New Zealand. Kylie’s main experience includes working on complex infrastructure and construction projects across various industries for both private and public sector clients.
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The information provided in this video is for general informational purposes only and does not constitute legal advice. While we aim to provide accurate and up-to-date content, laws and regulations may vary, and the information may not apply to your specific circumstances. We encourage you to contact us for a free consultation so we can provide advice specific to your circumstances.
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