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In this article for Construction News, Louise Woods, Ciara Ros, and Lauren-Emma Parrott look at the FIDIC Silver standard form contract, and the key issues to consider in respect of bonds and guarantees when entering into, or enforcing under, this form of contract. In particular, they discuss what financial security is available to both contractor and owner in the context of defects that may arise during the life of a project.

In this article published by Construction Law, Angus Rankin, Mat Parente and Jess Webster explore some key points to consider in the decision-making process.

The Kingdom of Saudi Arabia has embarked on a significant legal reform with the introduction of its first Civil Transactions Law (the “Civil Code”), which took effect on December 16, 2023.

Japanese heavy-industries companies that typically act as contractor or supplier on projects are increasingly being invited to contribute as equity investors in the projects that they construct or supply major equipment to, thereby taking a role as a project sponsor while also performing their role as ‘Contractor’ in the supply chain.

The AUKUS pact has geopolitical significance, including in respect of the strategic advantages it may offer Australia’s navy in the Indo-Pacific region, particularly in the South China Sea and Taiwan Strait.

Some construction industry commentators have urged a more integrated approach to design and construction, with equitable risk sharing and an effort to ensure that project design will benefit from the experience of companies that build and supply key equipment and systems.

Contracts in the construction industry often include multi-tiered dispute resolution clauses

Bond markets have been in upheaval recently, with knock-on impacts on decisions on whether to make or defend calls on performance security on construction projects. Louise Woods, Ciara Ros, Jarrod Gutsa and Lauren-Emma Parrott of Vinson & Elkins examine the issues.

The global construction and engineering industries are grappling with inflationary pressure, continued impacts from COVID-19 plus material and labour price increases.

In response to the further escalation of the Russia-Ukraine conflict, the US, EU, and UK have imposed a severe package of restrictions on Russia.