Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Australia | Publication | juli 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
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023