Insight Fuel crisis: how rising fuel costs affect construction projects and contracts The effective closure of the Strait of Hormuz and the ongoing conflict in the Middle East have sent fuel prices sharply upward in recent weeks, with diesel in New Zealand rising at more than double the rate of standard grade petrol. For construction projects, where fuel is a significant cost across the whole supply chain, the impact is being felt quickly and acutely. Owners and contractors across New Zealand are grappling with how these increased costs should be allocated, and what their contractual rights and obligations are in the current environment. Read more
Insight Building consent reforms: move towards proportional liability In a significant move for the construction and legal sectors, the Government has announced its intention to implement the most substantial overhaul of building consent processes since the Building Act came into effect in 2004. Two key announcements were made earlier this week: Read more
