Novation without tears
Article Abstract:
Novation occurs when a clients' contract with a building consultant is passed on to the contractor. Novation must be carried out before detailed design work commences. Novation documents must be constructed carefully. Poorly constructed novation contracts may end up in the courts. Partial novation can lead to consultants finding it difficult to decide in whose interest they are working. Novation is popular with design and build clients who find they are able to have the services of the consultant before and after novation but the contractor holds responsibility for the work.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
The PFI's poisoned chalice
Article Abstract:
An independent certifier of Private Finance Initiative contracts should ensure their professional indemnity insurers cover the high risks in their work. It may be possible to agree to a maximum liability of no more than 25 million pounds sterling. They must also ensure they charge sufficient fees for the time spent in reviewing a third party's work. Their role should be clearly defined and agreed before they start working on the contract. The certifier is liable to be sued instead of the primary performer.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Ready for inspection
Article Abstract:
Advice for building inspection consultants on how to formulate their terms of work with their clients is presented. Their clients should be aware the consultants cannot be expected to find every fault during the inspection process.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Action plan announced to speed PFI. Doing time. Labour may break PFI contracts
- Abstracts: Conditions, conditions, conditions. It's halftime. Will 5 percent down mean another round of Russian roulette?
- Abstracts: Lowest common nominator. Common cause
- Abstracts: On the right track. Together in electric dreams. Keeping tags on it
- Abstracts: The new deals. The new Manchester. Hello Cardiff