NBS Construction Contracts and Law Survey: What You Need to Know
If you`re in the construction industry, you`re likely familiar with NBS. The organization offers a wide range of resources and tools for construction professionals, and their Construction Contracts and Law Survey is an important one. In this article, we`ll explore what the survey is, why it matters, and what insights it has to offer.
What is the NBS Construction Contracts and Law Survey?
The NBS Construction Contracts and Law Survey is an annual survey of construction professionals in the UK. The survey is conducted by NBS, in partnership with the Royal Institute of British Architects (RIBA), the Chartered Institute of Building (CIOB), and the Royal Institution of Chartered Surveyors (RICS). The aim of the survey is to gather insights into the challenges and opportunities facing the construction industry when it comes to contracts and law.
Why is the NBS Construction Contracts and Law Survey important?
The survey is an important tool for anyone working in the construction industry. By gathering data and insights from professionals across the field, it offers a comprehensive picture of the challenges and opportunities facing the industry as a whole. This information can be used to inform policy decisions, guide best practices, and shape the future of the construction industry.
What insights does the NBS Construction Contracts and Law Survey offer?
The 2021 NBS Construction Contracts and Law Survey offers several key insights into the current state of the industry. Some of the key findings include:
– The COVID-19 pandemic has had a significant impact on the industry, with many construction professionals reporting delayed projects and disrupted supply chains.
– Contractual disputes remain a significant challenge, with 41% of respondents reporting that they had been involved in a dispute in the past year.
– The use of digital tools and technologies is increasing, with 70% of respondents reporting that they use digital tools to manage contracts and legal processes.
– There is a growing interest in sustainability and environmental issues, with 69% of respondents reporting that they consider sustainability when selecting materials and building methods.
What can we learn from the NBS Construction Contracts and Law Survey?
The NBS Construction Contracts and Law Survey offers several important lessons for construction professionals. Firstly, it highlights the need for effective strategies for managing contractual disputes. Secondly, it underscores the importance of embracing digital tools and technologies to streamline contract management and legal processes. Finally, it highlights the growing importance of sustainability and environmental considerations in construction projects.
In conclusion, the NBS Construction Contracts and Law Survey is an important tool for anyone working in the construction industry. By gathering insights and data from professionals across the field, it offers a comprehensive picture of the challenges and opportunities facing the industry. By paying attention to the insights offered by the survey, construction professionals can stay up-to-date with the latest trends and developments in the industry, and ensure that they are well-equipped to tackle the challenges of the future.
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