Delivering on time: the World Cup
Lessons can be learnt from Brazil’s big build for the World Cup, which was the subject of delays to 75 per cent of its construction projects. Just two of 12 stadia were complete by the initial deadline, with two reaching completion within weeks of the start of the tournament. Potential reasons for the delays include bad planning, allegations of corruption, disorganisation and poorly managed projects and tenders.
So what is the general position in relation to timing and delay in construction contracts and how is delay best dealt with?
It is often inevitable, especially in major construction projects such as the World Cup, that an element of delay will creep into practical completion. It is, therefore, both prudent and advisable that building or engineering contracts contain three key provisions: (1) the date for completion (including, where relevant, a programme of works); (2) the mechanism for changing or extending the date for completion; and (3) the consequences of a failure to meet the deadline for completion…
Click on the link below to read the rest of the Gateley briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Briefings from Gateley Plc
With effect from 1 October 2015, the right to take a short service refund from a defined contribution occupational scheme will be abolished.
Being sued is bad, but it’s worse if you are running up substantial costs in defending a claim while in fear that the claimant may not have the means to compensate you if you win.
Analysis from The Lawyer
Gateley bigshots see personal wealth soar on flotation, but face penalties for early exit .
Gateley is to float on the London Stock Exchange, becoming the first UK firm to list itself as a public limited company. But why would a firm would look to float, and what it could mean for the industry?