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Financial Protection in the UK Building Industry provides comprehensive treatment of an increasingly important but complex aspect of construction management. The term 'Financial Protection' refers to the various mechanisms by which funds are made available to ensure the due performance of a party's contractual obligations. This book looks at the legal and economic background to the problem of providing financial protection to clients to guard against poor performance and/or the insolvency of contractors, consultants and sub-contractors. The inclusion of practical guidance notes and summaries makes this a valuable guide for the construction professional as well as for the researcher.
This book investigates the mechanisms and legal frameworks required to ensure financial security and contractual performance within the United Kingdom construction industry. Will Hughes, an expert in construction management, examines the economic and legal challenges posed by contractor insolvency and poor performance. He provides a structured analysis of how clients can mitigate risk through various financial instruments, balancing theoretical background with practical application for industry professionals.
What You Will Find
Experts recognize this work as a foundational text for understanding the complexities of construction finance and risk management. Readers frequently note the clarity of the practical guidance provided, making it a standard reference for both students and practitioners in the field.
Page Count:
189
Publication Date:
1998-01-01
Publisher:
Spon
ISBN-10:
0203478223
ISBN-13:
9780203478226
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