The success of large-scale development projects depends greatly on the parties maintaining a good commercial relationship. Whilst claims and disputes are often inevitable in relation to construction works, early and amicable settlement can be instrumental in sustaining those relationships and ensuring the successful delivery of a project.
So when should a party start to think about settlement in the context of construction claims and disputes? How should settlement discussions be conducted, and what needs to be considered when preparing a settlement agreement?
The fifth and final episode of the London Construction & Infrastructure Group's "Construction Contract & Claims Management" podcast series explores how to navigate settlement discussions and prepare settlement agreements in the context of construction claims and disputes.
This episode is also accompanied by a checklist which sets out some of the key matters to be considered when conducting settlement discussions and preparing settlement agreements. The checklist can be viewed and downloaded here.
The entire series and accompanying checklists can also be found on our web page.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.