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Climate change: are major infrastructure contracts fit for purpose? - Real Estate and Construction


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As of late 2020, we continue to work through the
dislocation of COVID-19 across all sectors of the economy,
including the major projects sector. Despite regulating complex
billion dollar infrastructure with design lives of up to 100 years,
in most part the contracts for these projects were negotiated with
little consideration of the possibility of a global
pandemic.
As a consequence, the parties bound by these contracts are left
to ponder, argue and dispute over where the disruption, delay and
cost consequences of COVID-19 should fall, bound by the terms they ....

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