In recent years, escalation, and price volatility, has re-emerged in the global economy. The impact on large energy and infrastructure projects will be significant: owners and contractors need to react and adapt....more
2/20/2024
/ Energy Projects ,
Energy Sector ,
EU ,
FIDIC Contracts ,
Global Economy ,
Infrastructure ,
Investment ,
Price Inflation ,
Price-Fixing ,
Pricing ,
UK
A key part of the interim payment process in construction projects is the issuing of payment notices by payee and payer alike. Two recent UK cases demonstrate a strict approach being taken by the courts to the validity of...more