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Ambiguities are the primary causes of disputes under construction contracts – Who owns the float?

Thursday 21 February 2019

Who owns the float? Most construction disputes occur due to ambiguities and lack of understanding of rights and obligations under a Construction Contract. For example; if the contract does not specify who owns the float (party A or party B), then in many cases that we have seen, party A will argue that the float belongs to it and not to party B and vice versa. This applies to contracts between developers…

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I have been working with Fouad El Chikhani and his team for over two years. My colleagues at Naylor Love enjoyed a successful, long-term, collaborative relationship with FC International before I joined the company. Naylor Love is a nationwide Tier One building contractor and I have sought the advice of FC International

Justin Storm, Commercial Risk Manager, Naylor Love

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Type: Project Management; Quantity Surveying Project Value: $7 million The Nexus apartment building is a five storey development in Ponsonby, consisting of high end

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