Publication
Essential Corporate News: Week ending 24 May 2024
On 21 May 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 49 (PMB 49) covering a range of topics covering a range of areas including those summarised below.
Author:
Australia | Publication | July 2022
This article is co-authored with Jonathan McMillan.
The Code for the Tendering and Performance of Building Work 2016 (Code) has been significantly amended by the Code for the Tendering and Performance of Building Work Amendment Instrument 2022 (Amendment), which came into effect on 26 July 2022.
Key takeaways
The Amendment has removed the majority of the substantive requirements from the Code. This has a significant impact on funding and procuring entities and tenderers (including tenderer subcontractors) in the procurement and delivery of Commonwealth funded building work. Tender documents and contracts will need to be revised to reflect the reduced requirements.
What has been removed?
A number of substantive tendering and building work provisions in the Code have been removed including, but not limited to, the following:
What remains
The following provisions will continue to remain in effect:
If you have any questions about drafting or how your project’s tender, procurement or contract finalisation process might be affected, please contact our team.
Publication
On 21 May 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 49 (PMB 49) covering a range of topics covering a range of areas including those summarised below.
Publication
As the world enters the age of artificial intelligence, the use of technology in the legal sector continues to create interpretative difficulties and misunderstandings, sometimes with serious consequences, over seemingly trivial matters.
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