E:gen - November 2016
The number of joint venture projects in the house building industry has snowballed in the last few years and for every story of success, there are also – perhaps less well publicised - tales of woe. Ultimately, the potential benefits have kept them in vogue.
Public procurement legislation is one of those unfortunate areas of law which has led to a number of ‘grey areas’. If you were to pick one area of procurement law which has posed the most problems, the treatment of development agreements would be at the top of most procurement lawyers’ lists.
The JCT has now released its updated Design and Build Contract and associated sub-contracts, as part of its update of its suite of contracts. Updates to the Standard and Intermediate Contracts are to be issued next year, but the changes are expected to follow a similar format.
Much has been made in the housing press of the recently reported proposed 120,000 home ‘mega merger’ between Sanctuary Group and housing&care21, and they are not alone. Consolidation in the social housing sector is gathering pace.