Off the back of the latest wave of inflation and the most recent statement by the Construction Leadership Council, FIS has produced two new resources to support contractor members.
The first, is a new factsheet that includes recommendations on standard terms to include on quotations that better protect contractors. The factsheet also provides some basic advice around managing and reviewing contracts in a time of high inflation.
The second resource is a template letter that can be used as a guide for members who find themselves stuck in a fixed price contract and price changes are now impacting on the viability of the project, the two resources can be downloaded by members below and have been added to the growing array of resources available in the FIS Contractual and Legal Toolkit.
Commenting on the production of the new resources FIS CEO, Iain McIlwee stated:
“These really are unprecedented times and, whilst there is little we can do to stem the tide of price rises, we can ensure that we do all we can to ensure members that have access to the best advice available. These resources will be discussed at our up and coming webinar on how to review a contract on the 4th May.”
- 21 04 22 FIS Factsheet Quotation Terms and Conditions
- 21 04 22 Template Letter Inflation
- FIS WEBINAR: How to review a contract – 4 May