The name's bond - adjudication bond
Metzger, D
The name's bond - adjudication bond - 2001 - Building 266(8205) 12 October 2001, 52-53(2) .
Examines the development of adjudication bonds in the PFI market as an alternative to on-demand bonds or conditional bonds. The new adjudication bond is in a conditional bond format but does not carry the risk of lengthy delay on claims. Explains the mechanics of adjudication bonds and argues that they do not have to be limited to the PFI market. However, warns that adjudication bonds have often been heavily negotiated on PFI projects, resulting in bespoke documents and that the acceptability of adjudication bonds relies on the immediate enforceability of Construction Act 1996 adjudications.
ADJUDICATION BONDS
DISPUTE RESOLUTION
FACILITIES MANAGEMENT
BUILT ENVIRONMENT-BUILDING CONTRACT FORMS
MANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ALTERNATIVE DISPUTE RESOLUTION-ADJUDICATION
HOUSING GRANTS, CONSTRUCTION AND REGENERATION ACT 1996
PRIVATE FINANCE INITIATIVE
FACILITIES MANAGEMENT
PFI
PERFORMANCE BONDS
The name's bond - adjudication bond - 2001 - Building 266(8205) 12 October 2001, 52-53(2) .
Examines the development of adjudication bonds in the PFI market as an alternative to on-demand bonds or conditional bonds. The new adjudication bond is in a conditional bond format but does not carry the risk of lengthy delay on claims. Explains the mechanics of adjudication bonds and argues that they do not have to be limited to the PFI market. However, warns that adjudication bonds have often been heavily negotiated on PFI projects, resulting in bespoke documents and that the acceptability of adjudication bonds relies on the immediate enforceability of Construction Act 1996 adjudications.
ADJUDICATION BONDS
DISPUTE RESOLUTION
FACILITIES MANAGEMENT
BUILT ENVIRONMENT-BUILDING CONTRACT FORMS
MANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ALTERNATIVE DISPUTE RESOLUTION-ADJUDICATION
HOUSING GRANTS, CONSTRUCTION AND REGENERATION ACT 1996
PRIVATE FINANCE INITIATIVE
FACILITIES MANAGEMENT
PFI
PERFORMANCE BONDS