Time for a significant rethink of NZS3910
Musings of a busy mind
MBIE has issued a guidance paper for all public sector agencies to deal with the suspension of construction work under NZS3910:2013 allowing for time related costs during the lockdown.
Liquidated Damages,
Practical Completion,
Material Breach,
Cancellation,
Construction,
NZS3910,
#genuine pre-estimate of loss,
Yesterday, the Supreme Court granted leave to 127 Hobson Street on the core question decided by the Court of Appeal that the indemnity provision in the agreement to lease did not offend the prohibition against penalties.