Construction Contracts & Risk Allocation Main Contractor’s Full Liability for Domestic Subcontractors Understanding single-point responsibility under JCT and FIDIC C onstruction projects bring together numerous specialists to deliver increasingly complex buildings and infrastructure. Electrical contractors, mechanical specialists, façade installers, piling contractors, waterproofing experts, and finishing trades all contribute expertise that the main contractor often does …
Tag: performance bond
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May 23
Insolvency and Construction Contracts Under FIDIC | E-Basel
FIDIC Insolvency and Construction Contracts Under FIDIC — Risk and Protection Contractor insolvency is a project-ending event. Insolvency of suppliers and subcontractors creates cascading supply chain risks. FIDIC provides mechanisms to manage these risks, but insolvency protection is never complete — contracts, bonds, and trust arrangements must work in concert. 7 min read · Updated …
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