Construction contract law changes

If your business is involved in construction, you should be aware of these rolling changes in the Construction Contracts Act;

  • From 1 December 2015, residential and commercial construction contracts are treated the same under the Act, and adjudication and enforcement processes are improved
  • From 1 September 2016, design, engineering and quantity surveying work is included in the Act
  • From 31 March 2017 retention money withheld under commercial construction contracts must be held on trust

More information on these changes can be found here or to see a copy of the presentation that Nelson law firm Duncan Cotterill provided to our Project group members, Click here.