by Chris Larkin
The construction market in the UAE poses many challenges: the number and scale of projects have generated a tremendous demand for construction services; the weakening of the US dollar against other major currencies coupled with other inflationary factors has further increased the cost of construction; and the potential impact on the global economy [...]
by Steven Hunt
sense that, for many contractors, ‘taking over’ is seen as the moment when the proverbial foot can come off the gas – the time when the contractor is finally relieved of the burden of delivering the project. For a contractor the process of taking over is an important one as the care of [...]
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 [...]
Martin Preston* of Norton Rose focuses on payment issues that need to be considered between the Grantor** and Company*** in relation to concession agreements ranging from utility developments to large-scale property developments in the region.
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.
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What law and forum to select?
by KK Sarachandra Bose on Saturday, 11 April 2009
Organisation of business is a matter of municipal laws. As such, the organisational form that a business can assume depends on its place of creation. While entering into contracts, it is important for the contracting parties to understand the legal system in [...]
Two-stage tendering is slowly being recognised in the Middle East as a potential way to achieve an employer’s objectives and reduce risk, writes EMILY LAWRENCE*.
by Nick Carnell
Both the 1987 and 1999 editions of the FIDIC standard form contain a number of requirements that particular things shall be done within a set period of time.
by Antonios Dimitracopoulos
As a result of the termination or indefinite suspension of projects en masse, over the last two to three months, irate contractors were seeking urgent advice from their lawyers on their legal position, as well as on the process and cost of dispute resolution options.
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.
by Dennis Brand
For termination of a contract due to default by the Contractor, FIDIC 4th Edition provides remedies for the employer in Clause 63.1 which, save for a fairly common provision relating to the contractor’s bankruptcy, liquidation or dissolution, requires a certificate to be issued by the engineer stating (a) that the contractor has repudiated [...]
I believe the economic slowdown is not a bad thing at all, but a golden opportunity for Dubai to start anew. In order to survive these tough market conditions, I’ve listed five essential strategies that developers must adopt.
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