Novation in engineering and construction projects

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Assignment and novation are important legal topics withreal ramifications for parties if they are not dealt withproperly. The idea behind them is simple and easier to grasp when having an understanding of the way in whichthey work.

NOVATION -

Novation is an important feature of engineering and construction projects, particularly in relation to design and build procurement. The novation of the design consultants' appointments to the main building contractor is a common example. Novation must be executed properly and achieved correctly; if this does not happen, the effect can be the loss of a party's legal rights altogether.

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