Musings of a busy mind

LawTalk, the NZLS magazine, has published a more detailed article of mine on how to resolve the issues currently plaguing the construction industry. With prior experience of the UK and Australia, it is baffling that in a booming construction sector (not just building and housing), we have contractor's failing, margins falling and prices escalating.

Any solution must address:

(1) the procurement process
(2) sensible allocation of risk
(3) appropriate contract terms which recognise the roles of the parties, and properly protect subcontractors
(4) prompt, fair and cost effective dispute resolution