Celebrating Iain Wishart Associates 10th Anniversary in Dubai
June 2023 marks the beginning of a special month for Iain Wishart Associates as we celebrate our 10th anniversary. Iain Wishart Associates was formed in Dubai some ten years ago to support our Middle Eastern, Asian and African Clients. Since its inception, it has become an integral part of the Iain Wishart group, which has been consistently appointed on some of the largest and most complex disputes in the world, with dispute values ranging up to USD 2.4 billion. Read More →
+ Read MoreThe Green Future of Construction
As featured in the October 2022 edition of Construction Law; a startling revelation that the production of Portland cement accounts for 7-8% of global CO2 emissions leads and an analysis of the onerous consequences that the need to reduce CO2 emissions may have on administration of construction contracts, subcontracts and supplier agreements. Read More →
+ Read MoreMaximise Your Profit, Minimise Your Risk
Recently published in Construction Law Journal, Maximise your Profit, Minimise Your Risk provides advice to contractors on how to do precisely that.
It identifies common mistakes made by contractors on live projects and how to minimise the all-too-common risks encountered by contractors by providing advice and guidance on essential elements of cost and progress checking and control. In simple terms it advises contractors’ to understand fully how the commercial matters on the contracts need to be dealt with and to “Follow the Contract”.
It also identifies the common issues that contract administrators must be familiar with and address, and the records that contractors will require in pursuing additional payment and/or time claims.
Finally, it advises that before embarking on lengthy and expensive arbitration or litigation procedures that they obtain legal and independent expert advice. The independent expert advice can include an independent project claims review (or “health” or “sanity” checks as they are sometimes called) to assist contractors in maximising their profit and minimising their risks. Read More →
+ Read MoreIndependent Claims Review
In the article we describe the almost unique manner in which contractors do business, by estimating future costs often years into the distance but knowing from the start of a contact, what their income will be, subject only to changes made by the Employer.
Compare this procedure with most other industries that know what their costs are but can only estimate their future income. Compounding the uncertainties for contractors is that they are heavily reliant upon subcontractors and suppliers outside of their direct control.
When contractors run into fiscal difficulties brought about by changes or events often outside of their direct control that increases costs without concomitant increase in income, they are forced to put together claims to increase the contract value and thereby reduce or mitigate their potential losses.
Some of the claims that we have seen are often badly structured and lack adequate support and evidence of entitlement. As a consequence, they are rejected by the Employers representatives. Read More →
+ Read MoreHow to save money in Disputes & Arbitration
Anyone who has experience of construction disputes or arbitrations will know that they can be expensive; time consuming; with uncertain results based on a lack of understanding of the construction processes.
Published in Construction Law this advice discusses how contractors and consultants can minimise disputes and those costs by simply following the contract from the outset. The keys to success are; timely notices, clarity of information and reasonableness. In reality, it is no more than applying the contract in a timely manner and seeking solutions to problems, actual and foreseen, as opposed to leaving everything to the end.
It is no more than common sense but alas not always common practice. Read More →
+ Read MoreThe Beginning of the End or the End of the Beginning?
It appears that Governments are slowly releasing the lockdown imposed upon its populations in an effort to contain the Coronavirus outbreaks. In England and elsewhere in Europe, restrictions on movements of people are easing. However, in other parts of the Read More →
+ Read MoreTruth is rarely pure, and never simple
In this second part of his two part article on the Importance of being Earnest written for Construction Law, Iain Wishart proffers his opinion on what he perceives to be the gradual erosion of independence in experts. He also provides advice to contractors and employers as to what they ought to do to avoid disputes; his experience of and benefits of contractor input into the design processes; and finally an unusual (and highly successful) use of independent experts. Read More →
+ Read MoreThe importance of being Earnest
The first part of a two part article recently published in Construction Law. It concerns the need and obligation of the parties involved in construction projects, to be just that, sincere and earnest in their desire to make the project a success. Read More →
+ Read MoreFollow the Money
Published in Construction Law Journal the title of Iain Wishart’s article was inspired by the advice given by Mark Felt Associate Director of the FBI to the Washington Post investigators Woodward and Bernstein during the Watergate scandal. That advice resulted in the resignation of the then US president Richard Nixon. Iain structured his advice to those involved in the construction industry based on his extensive experience working major international contractors. He identified common mistakes made during all stages of the construction process. He advised contractors to be vigilant at all times by “following the money” on the project and to be alert for errors that might result in disastrous losses. Read More →
+ Read MoreDelay and Disruption – a Separable Duo
This article published in Construction Law Journal identifies the differences between delay and disruption; provides advice and worked example as to how best to assess and support disruption costs; and provides an example as to what might happen if global claims are submitted. Read More →
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