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Major Projects & Construction 5 Minute Fix 79: procurement practices, security of payment, damages for defects - Knowledge


08 Jul 2021
BY THE MAJOR PROJECTS & CONSTRUCTION TEAM
Get your 5 Minute Fix of major projects and construction news. This issue: default procurement practices for NSW large, complex infrastructure projects; update on WA s overhaul of its security of payment laws; when a builder is in the business of building residences (or not) for Victoria s SOP legislation; SA Court of Appeal reduces damages for defects; latest development in enforcing ICSID s awards, and arbitral tribunal issues.
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Collaboration between NSW and Contractors sets new procurement standards
The NSW Premier s Memorandum issued on 24 June 2021 sets out the default procurement practices that NSW government agencies and State Owned Corporations are expected to apply to all large, complex infrastructure projects in the Framework for Establishing Effective Project Procurement from 1 July 2021. ....

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