Constructing new conditions for cover
Brokers need to familiarise themselves with the new Major Project Form and consider the implications
The new Major Project Form, issued by the Joint Contracts Tribunal, has caused a stir in the construction industry and has implications for property, construction and professional indemnity brokers.
Issued in June 2003, the MPF aims to simplify the existing conditions.
It attempts to provide conditions that accord with construction market norms, avoiding the expensive and time-consuming amendment of conditions for substantial construction projects.
In the MPF, clients retain possession of the site
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