Force majeure clauses are gaining prominence in Australian construction contracts as parties grapple with increasing disruptions, from extreme weather and pandemics to geopolitical instability and supply chain shocks.
Selling your construction company isn’t just a business decision. It’s often the culmination of years of hard work, calculated risk, and persistence in a tough industry. When the time comes, most owners want to know one thing: how do I get the best possible price for what I’ve built?
As part of the recent Federal Budget, the Albanese Government announced it will introduce a legislative ban on non-compete clauses for employees earning under the high-income threshold (currently $175,000).
In the unpredictable world of construction, even the most carefully managed projects can face disruption. When extreme events hit, from natural disasters to pandemics, a force majeure clause may provide breathing room. But how does such a clause actually operate once it’s in the contract?
Extension of time (EOT) and delay claims under the GC21 contract require more than just pointing to a hold-up and expecting more time. Whether you’re a contractor, subcontractor or principal, understanding the steps and documents involved can make the difference between a successful claim and an end-of-project dispute.
With construction insolvencies continuing to climb - more than 2,600 companies went under in the past year - construction companies are increasingly wary about unfair preference claims. These claims can sting: you finally get paid, only to be told later you have to give that money back. So, can you and should you still chase unpaid debts without opening yourself up to risk?
While the majority of construction projects end up largely fine, they are also areas ripe with opportunity for... friction. Some of that friction escalates into full scale disputes, but most of it gets resolved one way or another.
If you're running a company in Australia, you've likely come across the term insolvency. While the concept might spark panic in the business world, understanding it is essential, both when it comes to your own business and that of the people you deal with.
Whether minor disagreements or significant conflicts, claims over payments for work performed are common. For contractors, mastering the art of negotiating these claims is crucial—not only to secure fair compensation but also to maintain business relationships and protect profitability.
