Parental responsibility
Article Abstract:
Parent company guarantees can be useful as a form of protection for clients and employers but it should be checked to ensure will fulfill the needs of the clients if contractors fail to meet their obligations. Before using it as part of a contract the status of the parent company should be established to ensure it is not part of another larger company. The guarantee may include a clause which necessitates all measures being taken against the contractor, who is at fault, before the guarantee becomes active. Under the parent company guarantee the parent company acts as a guarantor.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Clause for thought
Article Abstract:
The new engineering and construction short-form contracts is a welcome addition to the series of Engendering Contract documents. Compensation events in the short-form contract are fewer than in the other types of contracts but there may be difficulty dealing with the how compensation is determined. The contracts are are well laid out and follow a logical progression. The guidance notes may help to clarify some details.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
As bad as all that?
Article Abstract:
An explanation of prime contracting for the UK construction industry is presented. There are concerns contractors will have to take on too much liability if the new contracts are used.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Prime Response to launch real-time campaign tracking product. P3M entices big response for clients
- Abstracts: Careless talk costs money. It's all in the planning. The consultants' catch-22
- Abstracts: MSGi Direct expands offerings to response-based educator lists. AccuData lets BTB sites share data with customers online
- Abstracts: European Parliament deals e-commerce a blow. Telco shakeup is good for DM industry. E-commerce package approval expected
- Abstracts: Doing the Continental. A tale to warm the heart. Variations on a theme