The Office of Fair Trading (OFT) has issued fines to 103 construction firms after they were found to have colluded with competitors to fix the price
of building contracts.
We regularly advise on the insurance elements
of building contracts, letters of intent, professional team appointments, surety documentation and collateral warranties for employers, contractors, subcontractors and professionals.
Rothstein says that teachers have a role to play in making sure that this history — which includes the denial of public services to certain neighborhoods, the segregation of public housing, the awarding
of building contracts for developments that would exclude African - Americans, among other things — is better known.
It has experience abroad, having signed $ 9.5 billion worth
of building contracts in 2014.
In Harlequin Property (SVG) Ltd v Wilkins Kennedy [2016] EWHC 3233 (TCC), [2017] All ER (D) 11 (Jan) Coulson J had dismissed most of the claimant's claim against the defendant but did allow a sizeable claim based upon negligent advice in respect
of the building contract.
Defending claims for liquidated damages and advancing claims for Permissible Delay and damages for additional build costs, breach of terms
of build contract, including terms relating to advertising and promotional activities and late payment of instalments.
Superyacht — build dispute (2013 - 2015): instructed on behalf of shipyard in multi-million Euro arbitration dispute and Commercial Court appeal defending claims for liquidated damages and advancing claims for damages for additional build costs, breach of terms
of build contract including terms relating to advertising and promotional activities and late payment of instalments etc..
When a breach
of a building contract occurs, the damages can be extensive because the breach can have an impact on the performance of other parts of the contract.
Provision should be made for a compulsory 1.3 % levy
of the building contract amount, which will need to be paid to the NHBRC for enrolling the home.
Not exact matches
If for instance, you are a
building company with a
contract offer from a gym and the gym's credit report reveals a number
of CCJs incurred for lack
of payment, you may wish to reconsider accepting the
contract.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our
contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the
build rates
of certain aircraft; 6) the effect on aircraft demand and
build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply
contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
German shipbuilder Lurssen has awarded Civmec a key
contract for the Royal Australian Navy offshore patrol vessels, which are being
built as part
of a $ 3.6 billion federal government program.
Henderson - based Austal has secured a $ 29.7 million
contract to
build two additional Pacific patrol boats on top
of an existing $ 305 million federal government program, days after German shipbuilder Lurssen awarded Civmec a key
contract for the Royal Australian Navy offshore patrol vessels.
The Guardian alleged that Cruz's campaign
contracted - out the creation
of «detailed psychological profiles about the U.S. electorate, using a massive pool
of mainly unwitting U.S. Facebook users,
built with an online survey.»
The biggest upgrade came in 1998, when the brothers stopped
building Stingers on used trash trucks and instead
contracted with the maker
of those trash trucks to create a chassis optimized for farm work.
Its implementation comes on the heels
of a March vow from CEO Elon Musk, in which he said Tesla could
build and begin operating the system within 100 days from the signature
of a
contract — or else it would be free.
In 2007, The Laljis» company, Larco Group, struck a $ 1.7 - billion deal with the federal government to buy and then lease back seven Ottawa office
buildings; the CBC reported in 2015 that the arrangement has been plagued by years
of disputes between the two parties, including acrimony over repairs,
contract tendering and even parking fees.
In comments on Twitter earlier this month, Trump criticized the government's
contract with Boeing to
build a new Air Force One fleet, claiming that «costs are out
of control.»
Instead, the winning group will have a public - private partnership
contract with the government which will allow it use
of some state infrastructure, such as sites to
build towers on and a fiber optic network owned by the state electricity firm.
Smart
contracts,
built on top
of an Ethereum (or a substitute's) blockchain, can be developed to automatically confirm points
of access within a network, therein reducing the need for individual authentication currently performed by manual intermediaries.
The CEO
of Boeing said Wednesday that he told Donald Trump the company would
build a new Air Force One fleet for less than $ 4 billion, referencing the figure the president - elect previously claimed the «out
of control»
contract would cost.
So if we're
building a game and think we can do something differently, we can move on it quickly, whereas if we're working with a
contracted developer, it's really, really challenging to be able to [do that] because there are
contracts involved and the legal side
of it.
A Chinese - led consortium looks poised to win a $ 3.75 billion
contract to
build a high - speed train system, sources with knowledge
of the plan say.
China's third - largest carrier China Telecom is preparing a possible bid for a
contract to
build and run a new mobile broadband network in Mexico and is seeking local partners to join it in a consortium, three people with knowledge
of the matter said.
Avista Capital Partners has formed a new company to fund a portion
of the equity required to design and
build three 50,000 deadweight ton product carriers, which Seacor Holdings (NYSE: CKH) has
contracted to
build at General Dynamic's National Steel and Shipbuilding Co. shipyard in San Diego.
But they could not
build the volume
of the business back up, because they could not get bonding to bid on
contracts.
To that end, it is
building a large maintenance shop in Singapore, and Flying Colours has negotiated a
contract to provide exclusive customization services for Bombardier's Learjet and Challenger jets out
of the same facility.
Local contractor Ertech has been awarded a $ 16.6 million
contract to
build the first phase
of Perth Airport's Terminal 1 forecourt redevelopment.
The Waverly Hills Sanatorium was
built in 1910 to house thousands
of people who had
contracted tuberculosis before a cure was known.
It's a blockchain platform that has smart
contracts that can be
built on top
of it.
IT firm ASG Group has
built on its relationship with the federal government with the renewal
of a new
contract with the Department
of Infrastructure and Regional Development worth $ 23.8 million.
Engineering construction contractor Primero Group has entered into the final stages
of its
contract to
build the domestic gas meter station at Chevron's Wheatstone project.
This is a unique group
of investors who are focused on
building out bitcoin and blockchain technology, assisting startups and companies with developing in specific areas like compliance and regulation, payments, security, identity, smart
contracts and more.
The state government has awarded $ 91.6 million worth
of contracts to four
building companies for the refurbishment and redevelopment
of six health service centres across rural Western Australia.
Telco giant Telstra and national
contracting companies Service Stream and BSA have been awarded
contracts for the
building and maintenance
of the national broadband network (NBN).
Jolimont - based construction company Cooper & Oxley has won a $ 36.7 million
contract from the state government to
build the second stage
of the new Byford Secondary College.
She'd also provide greater protections for
contract workers in the «gig» economy, while supporting the innovations
of companies such as Airbnb and Uber, which have
built that new sector.
PS Structures has won a $ 32.6 million
contract to
build the first stage
of a new secondary college in Yanchep.
Austal has won a $ 63 million
contract to
build two patrol boats for the Australian Department
of Defence, with the terms
of the deal signed with National Australia Bank including a buy - back clause.
The state government has awarded
building and construction
contracts to a number
of local businesses, including Perkins Builders, with the combined value
of the
contracts worth about $ 37.3 million.
Pindan has won a
contract to
build the bulky goods development at The Shops at Ellenbrook, which forms part
of the Insurance Commission
of Western Australia's $ 800 million property portfolio that has been put to market.
The engineering arm
of property and infrastructure group Lendlease has won a $ 96 million
contract to
build BHP Billiton's new tug harbour at Hunt Point in Port Hedland.
Perth - based Decmil Group has won a $ 30.6 million
contract to
build a warehouse hub in Port Hedland for a subsidiary
of BHP Billiton.
LandCorp has awarded Perth - based contractor Brierty an $ 11 million
contract to
build the first stage
of its Broome Road Industrial Park in the Kimberley.
Bombardier said it turned over the Delta sales
contract but can not accurately estimate the cost and price
of those planes because they are being
built and delivered in coming years.
After all, if you are going down the road
of raising money from venture capitalists, the basic
contract is that you are going to
build something great, and that your product has a chance
of being a massive multi-billion-dollar company.
The course,
built on a former trash dump, is owned by the city and operated by the Trump Organization under a 20 - year
contract that gives most
of the revenue to President Donald Trump's company, the Post said.
With the estimated cost
of the project as high as $ 12 billion, including as much as $ 10 billion for cement, the
contract would likely be a huge win for a local
building company.
Western Australian Government approval
of the Construction
Contracts Bill, which is designed to change the way the
building industry deals with payment disputes, is also expected to generate a new industry
of adjudicators in Western Australia.
EllisDon won the $ 5.3 - billion
contract to
build Toronto's Eglinton Crosstown light rail transit line, the largest PPP project in Canadian history, working alongside ACS Infrastructure Canada, Aecon and SNC - Lavalin as part
of the Crosslinx Transit Solutions consortium (the project is scheduled to be completed in 2021).