British and Irish Legal Information Institute. Democracy Live - Home. EUR-Lex. Bills & legislation. Reviewing Contracts - 10 Key Clauses to Look Out For. As the challenging economic conditions continue to cause problems for the construction industry, construction contracts are becoming increasingly complex and onerous.
In this article, we identify 10 of the most important clauses to look out for when reviewing a prospective contract. 1. Legislation.gov.uk. Duties of Project Managers, Letters of Intent, Liquidated Damages & Limitations of Liability. Duties of Project Managers, Letters of Intent, Liquidated Damages & Limitations of Liability Does a Project Manager owe a duty to ensure the building contract is executed?
Can you deduct LADs if the building contract has not been signed? Can you limit your liability to much less than the amount you are insured for? The recent case of The Trustees of Ampleforth Abbey Trust v Turner & Townsend Project Management Limited addressed very interesting issues relating to the duties of project managers, the risks of working under a letter of intent and the effect of clauses which limit liability for loss. Background.