There has been much commentary and debate in the construction industry recently regarding introduction of project bank accounts (PBAs) which the Scottish Government hopes will help with payment issues for sub-contractors as well assist public bodies in meeting their obligations under procurement legislation. Here we look at what they mean in practice.
Life, business and the law
The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.
Latest articles from Euan Pirie
One aspect of nec 3 that never ceases to amaze us is frequently a cause of significant surprise when explained to clients, is the extent of the contractual powers afforded to the project manager and the limited "checks and balances" applied to the exercise of those powers. So how to employers manage that relationship and afford themselves adequate protection?
The NEC has published a "white paper" entitled "nec4: The next generation: An explanation of changes and benefits". The early indications are that NEC has actively engaged and appears to be genuinely attempting to make changes to cut down on the number of "legal led" Z clauses. Here, we take a look at some of the main changes proposed by nec4, and analyse how they might play out in practice.