Charles Tomlinson
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Panama Canal project: Troubled waters
With an estimated $1.6bn shortfall and no adequate remedy in the contract, the Panama Canal project shows that a low tender price and transferred risk don’t make for plain sailing
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VAT on design and build: Vatman returns
When the HMRC threatened to charge VAT on design fees in design and build contracts it put the viability of many schemes at risk. Now it seems to have had a change of heart