Share on LinkedInShare on LinkedIn

ARTICLE · 26 JANUARY 2018

New Trends In Construction Contracts

The contractors are still generally punished under the commonly used contracting mechanisms in Hungary instead of being motivated, although in Western Europe contractual clauses facilitating...

HungaryReal Estate and Construction

The contractors are still generally punished under the commonly used contracting mechanisms in Hungary instead of being motivated, although in Western Europe contractual clauses facilitating the cooperation of the contractors are already widely applied – as highlighted in the sector specific summary of KCG Partners Law Firm.

Although in the last year the construction sector, by reaching an annual 26.7% increase, has performed well from a quantitative perspective, the sector specific contractual safety is still below the EU level. According to the summary of KCG Partners Law Firm, one of the reasons for this difference is that contract templates are still commonly applied and several times reapplied in the sector, and such contracts primarily punish the non-contractual performance of the contractor instead of motivating good performance. Since construction investments may typically be carried out only under the cooperation of several contractors specialized in

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from