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Carter Newell
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Following an extensive BCIPA review, the Queensland government announced key changes, effective from 1 September 2014.
Whenever you want to deal with consequential losses, then define that term in the contract so that the meaning is clear.
In this issue, we consider how careful drafting of indemnity clauses assists minimising disputes between contracting parties. John Matthews breaks contractual indemnities into their basic components and discusses how to improve drafting and interpretation of these clauses.
A question which often arises in relation to Contract Works/Material Damage policies, is whether the physical loss or damage to the contract works could be said to be "unforeseen".