Force majeure in a COVID-19 world
Before a building contract is cancelled in the current situation of locked-down sites and an uncertain future, the wording of the contract should be carefully reviewed.
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Before a building contract is cancelled in the current situation of locked-down sites and an uncertain future, the wording of the contract should be carefully reviewed.
While a contract should be in place for all work carried out, sometimes this is not the case. Fortunately, under the law, all is not lost.
With the housing crisis in New Zealand showing no signs of easing, changes to the resource management system and the Building Act will reduce pressure on consenting and provide increased capacity for development.
Building sites lying idle are vulnerable to thieves. Contractors have an obligation to ensure a site is always left safe and secure. They could not only lose equipment but also their contract could be breached.
With climate change certain to have wide-ranging impacts on the construction industry, it is worth reflecting on what these impacts are likely to be and to consider ways to avoid the worst of them.
Post the Construction Sector Accord, what does fairer risk allocation in construction contracts for work on school projects look like?
Stimulating housing demand is a complex issue and could result in higher housing prices without more supply-side stimulus.