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By: Language: English Series: Building ; 257(7730) 31 January 1992, 20-21(2)Publication details: 1992Subject(s): Summary: A new model form of collateral warranty has been prepared by the British Property Federation in an attempt to creat a standard from the multiplicity currently in existence, with the intention of reducing the level of litigation and encouraging more evenly balanced conditions for all parties involved: clients, contractors, consultants, developers and insurers. The article examines the background to warranties and applauds the advent of a standard form.

A new model form of collateral warranty has been prepared by the British Property Federation in an attempt to creat a standard from the multiplicity currently in existence, with the intention of reducing the level of litigation and encouraging more evenly balanced conditions for all parties involved: clients, contractors, consultants, developers and insurers. The article examines the background to warranties and applauds the advent of a standard form.