Application of Recent Tax Changes in Contract Administration of Construction Contracts

Government has recently announced various tax changes and some of them are already affective. These tax changes should be contractually managed in the payment certifications of the construction contracts.

In many standard forms of contracts there is a provision to administer such changes under “Adjustment for Changes in Legislation”. Please refer Conditions of Contract; Sub Clause 13.6 in CIDA / SBD / 02 and Sub Clause 13.7 of FIDIC First Edition 1999 for details.


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