Common Amendments to the Standard Form of Contract
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Common Amendments to the Standard Form of Contract
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23/02/2021
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11:00
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12:00
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1.0
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Online CPD, Dublin
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In this presentation Margaret Austin and Siobhan Kenny of the construction department of Eugene F Collins will consider some of the more common amendments to the standard RIAI contract. The aim of the briefing is to: assess the reasons for the changes; why they are proposed; and to look at the contractual implications of the changes – which contracting parties need to review when risk assessing and pricing a proposed contract.
Practitioners will be familiar with the almost universal deletion of the wage and price variation clause. There are other common changes to the standard clauses and this briefing will consider the reasons behind many of these changes and why parties and their advisors seek their inclusion.
More often than not an amended RIAI Contract will also include a range of additional clauses many of which are included to meet the specific requirements of an individual project, some are site specific, some are specific to the type of project e.g. large residential developments or fit out projects, or amended to deal with funder or purchaser requirements on matters such as collateral warranties, insurances and bond requirements, and others to address issues of concern such as Brexit and COVID 19 and issues of concern to the developer perhaps informed by previous experience. We will review many of these to give an understanding of the rationale for the additions from the differing perspectives of the typical parties engaged on a construction project.
Margaret Austin
Margaret Austin is a Partner in Property & Construction and head of the Construction Planning & Environment Law Group at Eugene F Collins. Margaret advises contractors, developers, funders and professional teams at all stages of a construction project, both contentious and non contentious. Her advice covers the range of construction project documents including development agreements and agreements for lease, building licences, construction contracts, performance bonds, collateral warranties and construction funding agreements for projects as well as statutory compliance requirements under the construction regulations and under the building control regime.Siobhan Kenny
Siobhan Kenny is an Associate in the Property & Construction Group at Eugene F Collins. With over 20 years experience, Siobhan acts on behalf of a broad spectrum of clients involved on the construction law aspects of building projects, both contentious and non-contentious.1.0 CPD Hour
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