Significant project trust accounts expansion scheduled for 2025
Under current legislation, Queensland project trust account and retention trust account requirements will be extended: …
7 Ways to Protect Your Construction Company Over Christmas Shutdown
Christmas is a happy time for most, home with family or out with friends. But …
Understanding the GC21 Contract
The GC21 Contract is a comprehensive and detailed document used by the NSW Government to …
Are liquidated damages an unenforceable penalty?
Liquidated damages are an agreed contractual rate of amounts payable by a party who delivers …
Letters of Intent – Why do they Matter and When are they Binding?
In the construction industry, efficiency is a key goal. In striving for this efficiency, principals …
New Changes to Queensland Statutory Trust Framework
From 1 July 2024, there are new changes to the statutory trusts framework in the …
Should Contractors Get Security from Principals?
In the construction industry, typically provision of security flows upstream – that is, the subcontractor …
Starting off on the Wrong Foot – Built v Pro-Invest
Large scale builds involve complex commercial contracts. The scope documents are inevitably convoluted and painful …
