Business & Finance Personal Finance

Need to Know - Task of a Construction Solicitor

A construction Solicitor can assist with any legal matters arising during the course of a construction project. They are on hand throughout the life cycle of a construction project's planning phase until the disputes that may arise during construction and when construction is complete.

Construction Solicitors work for clients in both the private and public sector, and have a good understanding of the time and financial constraints under which the construction industry must work.

Construction Solicitors work on various construction projects, like all commercial and residential developments. Construction Solicitors work to protect the interests of their clients, through tasks such as conducting negotiations on their behalf, and performing due diligence. Their expertise will be relevant to all aspects of the construction and mechanical industry, in relation to contracts, logistics, and procurement and auditing.

The following are some of the specific areas that Building Counsel can assist with:

Finances

Construction solicitors advise construction firms in connection with the structuring of their projects and how they are funded at different stages. They will be aware of the relationship between construction companies and their lenders and professional indemnity insurer. The main aim of the construction solicitor in this area is to minimize the fees paid to consultants and ensure that all project-related operations are carried out as quickly as possible.

Legislation

Construction solicitors can advise on the impact of <u>construction legislation</u> on planning and implementing the project, which helps you avoid potential pitfalls later down the line.

For construction solicitors involved in public sector work, a working knowledge of European legislation is necessary. This will allow the lawyer to advice clients on all relevant laws of construction governed by Brussels. These include the European law on competitive tender according to public procurement rules, competition law and all relevant employment laws and statutes.

Risk Management

Risk management allows construction companies to ensure they are properly protected from exposure to any risk that their project is facing. Construction solicitors work on a proactive basis to ensure their customers are fully informed with the latest health and safety regulations and possible financial and regulatory risks that could affect the project.

Now you know more about the role of a Construction solicitor, do you think you and your project can afford to be without one?
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