CONSTRUCTION TRANSACTIONS
Ridgemont’s construction and engineering lawyers are specialists in procurement advice and contract negotiation & drafting
Introduction
We understand how the supply chains work in the construction industry and where the challenges and pressure points usually arise. We also understand how insurance, funding and surety enable projects
to take place. Crucially we know what the market norms are when it comes to agreeing the various contracts that underpin construction works and services.
In terms of our approach to negotiating amendments to standard form contracts (eg JCT and NEC), we are sensitive to the need to balance best protecting our clients’ interests, with putting too much
risk on to other parties in the supply chain. Ultimately doing the latter may undermine the success and stability of a project, which is in no one’s interests, including our client’s. It also doesn’t
help create a healthy, sustainable construction sector.
We don’t just know the law relating to the industry that we advise; we also have a strong understanding of how that industry functions day to day, how projects get completed and how they sometimes fail,
what the long standing strengths and weaknesses of the construction industry are and how a change in Government can have a significant impact.
Procurement Advice
Our expert team of solicitors know construction procurement inside and out, advising businesses across the supply chain on all methods of procurement.
We are able to advise clients on what form of procurement is most appropriate to their particular circumstances, whether that is through a standard form contract or something bespoke.
Whether the project involves building or engineering works, will impact the most suitable form of procurement.
These are the most common forms of construction procurement and we are used to advising clients on all of these:
| Traditional | Design & Build |
|---|---|
| Construction management | Management contracting |
Similarly we have a great deal of experience advising on EPC contracts for oil and gas, transport, water and waste projects.
Contract Negotiation & Drafting
The Ridgemont team of construction and engineering lawyers is very experienced in drafting and negotiating all standard form domestic and international construction and engineering contracts and
appointments, in particular those provided by JCT, NEC, IChemE, FIDIC and RIBA.
We routinely draft and advise clients on the following contracts:
| Building Contracts | Sub-Contracts |
|---|---|
| Professional Appointments | Collateral Warranties |
| Performance Bonds | Parent Company Guarantees |
| Assignments and Novations | Third Party Rights Schedules |
We keep up to date on employer, insurer and funder market norms and hence what are acceptable negotiating positions on those bases.
We recommend sensible, commercial positions on the amendment of standard forms, as opposed to drafting over the top, vastly detailed schedules of amendments.