News tagged money
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Being fairly compensated for variations that involve an extension of time to the construction programme can be an uphill battle for contractors. Rob Clarke (above left) and Kieran Blockley of Auckland law firm Greenwood Roche highlight some key factors for contractors to consider when making variation claims involving extensions of time and time-related costs. Frequently […] The post Time is money: Variations, extensions of time, and time-related costs in NZS 3910:2023 and NZS 3916:2025 appeared first on Building Today.
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Builder jailed after scamming customers out of £200k
A builder who took more than £200,000 from homeowners while his company was insolvent has been jailed. Michael Haslam, who ran M&J Builders Ltd, took money from the public while delivering “as little work as he could get away with”, according to a statement from… The post Builder jailed after scamming customers out of £200k appeared first on Construction News.
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Judge permanently bars DOT from blocking Hudson Tunnel funds
The way in which President Donald Trump’s administration held back money for the project “flagrantly violates federal law,” according to a Monday ruling.
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Safety isn’t a cost. It’s 1 of construction’s biggest profit drivers.
Too often, safety is regarded as a slowdown. But proper documentation and due diligence can save money and lives, writes the CEO of a construction software provider.
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Judge allows administrators to recoup fees from project bank account
Administrators for a collapsed modular firm can use money held in a project bank account (PBA) to pay their own fees, according to a court ruling. Northern Ireland’s High Court last month approved a bid by administrators for collapsed modular specialist ESS Modular to access… The post Judge allows administrators to recoup fees from project bank account appeared first on Construction News.
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