The LDEDC Bill 2008 is part way through the four days allocated for debate in Grand Committee. By Thursday morning (29 January) we should be one step closer to knowing what amendments may be made to the Construction Act 1996. Some of the changes currently suggested are entirely inappropriate for the industry. (more…)
Legal news and opinion related to construction and engineering law and projects.
Archive for January, 2009
UK law currently requires most companies to pay VAT within 30 days of the end of the VAT quarter. The Financial Times recently reported a proposal to extend the payment period for smaller companies, suggesting that it could rise to 90 days. The proposal is intended to improve cash flow for small companies, who are finding it especially hard to get bank finance. (more…)
There are many competing construction and engineering standard form contracts. Some would say too many. (more…)