A mere 4 months into 2016 and it has already been a year of change for construction contracting in Ireland both in the private and public sector. We have seen the introduction of the long awaited reform of the Public Works Contracts (effective from 4 April 2016) and we now have a definitive date for the operation of the Construction Contracts Act 2013 (the Act) – 25 July 2016.
This note focuses on some of the changes to be introduced to payment, suspension and dispute resolution mechanisms in the construction industry as a result of the Act but with a particular focus on amendments that may be required to the way in which parties draft their construction contracts.
This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.