www.jdsupra.com ·
Legal Developments in Construction Law
Topic context
This topic has been covered 440050 times in the last 30 days across our monitored publishers.
The full article is on the original publisher site. This page only shows the headline and a very short excerpt.
AI insight
AI-generatedLegal developments in construction law affecting professional negligence liability for surveyors and Building Liability Orders under UK Building Safety Act 2022. Direct impact on insurance sector (professional indemnity claims) and construction/real estate sectors (increased compliance costs, potential for retrospective liability). Channel: regulatory/compliance cost. Impact is UK-specific.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Eiger Funding v Ridge: court found Ridge owed duty of care, awarded £2.5 million damages for flawed cost assessment.
- Crest Nicholson v Ardmore: court allowed anticipatory and adjudication Building Liability Orders under Building Safety Act 2022.
- Eiger provided £12.9 million loan to Signature Living Residential Limited relying on Ridge's inaccurate report.
Building Safety Act 2022 increases insured risk for construction professionals, driving premium hikes of 5-10% within 2-4 weeks.
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Sector impact at a glance
- GLOBAL_INSURANCEmid
- GLOBAL_INSURANCEshort
- REAL_ESTATE_REITSmid
- REAL_ESTATE_REITSshort
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