Construction

The construction industry demands timely, pragmatic, no-nonsense advice and this is something we pride ourselves on delivering. Our vast experience of advising developers, contractors, local authorities, funders, purchasers and major tenants on all aspects of both construction and PFI/PPP projects means we are well equipped to provide practical advice at all stages of a development, from any point of view.

Our Construction team works closely with our Development team and, where applicable, our Property Finance team to ensure that a coherent and commercial approach is adopted in construction, development and finance documents. We understand that these documents need to be commercially robust in order to make them desirable to a funder, purchaser or tenant and that this in turn maximises the capital value of a development.

For a construction project to be successfully procured and completed, various conflicting interests have to be balanced between the developer, the contractor and interested third parties when negotiating the construction and development documents. Key considerations to be borne in mind are the type of procurement method to be adopted, the balance of risk allocation to be agreed and the time and cost constraints the project is to be constructed under.

We frequently work on developments from start to finish, advising on the most advantageous procurement method to be adopted, reviewing and evaluating the tender returns, negotiating the building contract, professional appointments, collateral warranties and security documents, and subsequently advising on any issues or disputes that arise during the construction period.