In what looks like the ongoing saga of the Arrow liquidation, yesterday the High Court in Wellington effectively confirmed that demand could be made under a bond, against the owner's assessment of the likely losses arising from Arrow's failure to complete the development of a property for the Chow brothers at 89 Courtenay Place in Wellington.
Musings of a busy mind
Congratulations to Stuart Robertson and the Committee of the NZ branch of the Society of Construction Law on winning the right to host the International SCL Conference in Auckland in 2020.
Register your interest at constructionlaw2020.com
The central problem is one of managing uncertainty, and for most projects the best solution is for clients to engage with contractors to understand and to reduce, as far as possible, those uncertainties. This will not necessarily result in a cheaper price, but it will result in a more certain price and more certain delivery.