News

​Make future contracts open book to avoid disputes over covid, Build UK tells firms

By 2020-09-16T05:00:00

Contract shutterstock

Source: Shutterstock

New guidance for reducing covid related disputes published

Build UK has urged construction firms to make future contracts ‘open book’ to avoid cost impacts from delays relating to covid or other pandemics.

The industry body said in a new guide called that these types of contracts, under which contractors are reimbursed based on records of incurred costs, would reduce the risk of disputes by increasing the visibility of what has been agreed in the contract.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community