Construction projects are crucial to societal
development. They form the hallmark of
infrastructural growth. These construction projects
involve the expertise of professionals from various
disciplines to ensure that the project moves from
a mere paper design to a lasting structure, and
this requires the execution of several construction
contracts. Typically, under construction contracts,
persons who are not privy to a contract cannot
enforce a contractual right nor impose an
obligation under that contract. However, the
existence of collateral warranties in construction
projects bridges the gap and allows persons who
ordinarily would not have had a right to enforce
a construction contract or seek compensation
under a construction contract to do so.
COLLATERAL WARRANTIES IN CONSTRUCTION PROJECTS: WHY YOU NEED THEM
