High Court shines spotlight on payment schedules under the Construction Contracts Act 2002

In Templeton Kingsland Ltd vs. Dominion Constructors Ltd, the contractor served a statutory demand following the principal’s payment of just over $320,000 in response to a payment claim of nearly $6 million. The principal provided a payment schedule, but the contractor argued it was not valid. The Court’s reasoning for setting the demand aside serves as a reminder to all who prepare and receive payment schedules under the Construction Contracts Act 2002 (Act).

Why ‘set and forget’ no longer works in supply chain management

As long as people have been doing business, managing supply and demand has been a constant balancing act. Over recent years, we had become used to a highly functioning, ‘set and forget’ global supply chain. Given that it seems inevitable that supply chain challenges will continue in some form or other, what does this mean for manufacturers?

NZ-UK Free Trade Agreement – What does this mean for NZ’s Construction Industry?

On October 20, 2021, New Zealand and the United Kingdom reached agreement in principle on the key elements of a new free trade agreement between the two countries. While most covered related to the eventual gains by NZ’s food and wine industries, there will also be an impact on the construction industry writes Dentons Kensington Swan.