Simpler, Faster and Fairer: The importance of allocating risks fairly between parties on construction projects.
The construction industry is becoming more complex, exacerbated by the increased size of projects, global forces, and market challenges. Complexity can lead to increased risks, and it is critical that risks are allocated fairly between parties, rather than simply be shifted around to those least able to manage them. Contracts help protect all parties, define […]
A Guide to the Construction Industry Scheme (CIS) and Relevant Contracts Tax (RCT) I UK
What is the Construction Industry Scheme? Introduced by the UK Government in 1999, the Construction Industry Scheme launched with something of a shaky start, before a revamp in 2007 brought it in line with modern practices. Aimed at preventing tax evasion in the industry, the CIS outlines rules for how payments to subcontractors for construction […]
