At Penningtons, we draft, advise on and negotiate building contracts and subcontracts, agreements for the appointment of professional consultants, partnering and framework agreements, and performance security documents such as bonds, guarantees and collateral warranties for funders, investors and end users.
We amend industry standard forms of contract to conform with the commercial requirements of the project. Our construction solicitors also advise on bespoke documents including development agreements reflecting specific taxation issues. We are involved in public sector projects funded through forms of structured finance, in particular PFI/PPP, BSF and LIFT schemes.
Our team has extensive experience of preventing the failure of construction projects affected by the insolvency of one or more of the parties. We advise lenders, developers and project owners on the recovery of project assets which have become 'distressed' through insolvency or funding restrictions.
We also act for clients in construction claims and disputes, providing detailed advice on steps to assert, protect and preserve their position. Our construction solicitors devise both avoidance and mediation strategies and represent clients in adjudication, arbitration and litigation in the Technology and Construction Court. In addition, we assist on construction regulatory issues, particularly concerning the Health and Safety Executive.