Are you set to pay the cost of the cladding crisis?

Steven carey bw 2017

The new Building Safety Act will hugely affect firms’ potential liability for cladding costs in the wake of Grenfell

The Grenfell Inquiry continues to unfold and inform on the factors and events leading to the tragic fire on 14 June 2017. Various proposals have been floated in response, including on the question of who should bear the costs of replacing unsafe cladding. The Building Safety Bill, which received royal assent on 28 April, triggers a host of changes.

The government position is that no leaseholder living in medium- or high-rise buildings will be required to contribute to the cost of repairing unsafe cladding under the Building Safety Act or otherwise, which has been welcomed. This has led to developers, contractors, consultants, suppliers, manufacturers and others seeking to get a handle on their respective exposures – how much each group should contribute and their respective liabilities. If this is not addressed proportionately between all concerned, the consequences could be catastrophic.

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