We finished a review of another HS2 NEC3 subcontract. This time for a Subcontractor who will work on a Main Works Contract where the Contractor recently received the Notice to Proceed.
It’s good to see that the Subcontract was well drafted and the spread of risk has been split fairly between both parties and the obligations transferred to the Subcontractor are reasonable. Far better than some of the contracts recently reviewed from other sectors of the industry – unreasonable terms beyond belief!
Good to see that HS2 is already starting to create a legacy!
We look forward to reviewing more HS2 Subcontracts and hope that other sectors of industry (especially housebuilders!) can change their contracting strategies to be more fair in current times!