In the five or so years prior to 2022, the market was abuzz with news of the latest forward-purchase or forward-fund transaction. With demand for high-quality commercial and residential real estate exceeding supply, certain cohorts of real-estate investors were willing to take greater risks in order to obtain higher yields – by entering into forward-fund

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With the continuing impact of factors such as Brexit, the war in Ukraine and the COVID-19 pandemic, construction costs have and indeed continue to rise significantly. This has led to all stakeholders in the construction industry becoming far more acutely aware of the impact of inflation on project delivery than has traditionally been the case

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On 31 March 2023, the Office of Government Procurement (the OGP) introduced monetary caps on liability in the Standard Conditions of Engagement for Consultancy Services (Technical) and the Standard Conditions of Engagement for Archaeological Services (the Conditions). Monetary caps on liability have become a typical feature in consultant appointments in the private sector.

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The Irish Government has announced plans to draft legislation to support the remediation of apartments and duplexes with fire safety, structural safety and water ingress defects. Any other types of defect i.e. drainage defects or defects with heating systems would appear to be excluded. The plans are to include apartments and duplexes which were constructed

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We are delighted to invite you to our Construction, Planning and Procurement Breakfast Seminar on Thursday 9 February as we discuss the theme of “Uncertainty”.

Venue
Banking Hall at The Westin Hotel, College Green
Date
Thursday 9 February 2023
Time
7.15am – 10am

Please join us for a light breakfast, followed by a series of

Performance Security

Performance security is a prominent feature of construction projects and is used as a means of protection for the Employer against the non-performance of the Contractor. The advantage to the beneficiary of the bond (i.e. the Employer) is that a third party surety (often an insurance company or bank/funding institution) agrees to fulfil