Estimate the value and risk allocation of collateral warranties in construction projects: assignment rights (typically 2–3 times), step-in rights, net contribution clauses, and alternative use of Contracts (Rights of Third Parties) Act 1999.
⚖ For informational purposes only. Not legal advice. Consult a licensed attorney for your specific situation.
Enter the values for the scenario you are assessing. Estimate the value and risk allocation of collateral warranties in construction projects: assignment rights (typically 2–3 times), step-in rights, net contribution clauses, and alternative use of Contracts (Rights of Third Parties) Act 1999. Use the collateral warranty value result to inform your calculation.