focusing on the issues that matter.
Novation Agreements, Bonds & Guarantees
The responsibility for aspects of the design of the works is often transferred to the contractor by way of a novation agreement. In larger projects you will often require some form of security in the way of a performance bond and/or parent company guarantee. We can prepare and advise on such agreements, to ensure that the terms properly reflect the party’s intentions and that you understand the obligations you are agreeing to.
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The Construction & Development Team
Richard Millard Managing Partner
Construction & Development 01908 689382Richard has over 20 years’ experience acting for clients in the construction industry, providing pragmatic advice to developers, contractors, sub-contractors, design and construction professionals, housing associations, smaller builders and homeowners.