A step in the right direction

Patterson, Lindy

A step in the right direction - 2008 - Building 273(8541) 08 August 2008, 41(1) .

Presents the situation where a bank can step in to ensure a contractor gets paid for a project before it finishes. Shows this as a possibility especially when companies start developments funded by third parties. Describes the procedure, its advantages and disadvantages, and the need for the contractor to examine the terms of the step-in provisions at the outset.


England and Wales--1543-