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What Is a Novation Agreement in Construction?

In this course you’ll learn what a novation agreement does, why it is used on design and build projects, and how transferring a consultant from the employer to the contractor shifts design responsibility. You’ll also see the commercial issues a Quantity Surveyor needs to check before agreeing to novation, from pre-novation liability and design ownership through to collateral warranties and unpaid fees.

Lifetime
All levels
2 lesson
1 quiz
8 student

What you will work through

1 of 4
WatchVideoThe core idea explained, step by step.
2 of 4
ReadTranscriptThe full transcript, to go back over the detail.
3 of 4
Take inKey pointsThe key points, ready for revision.
4 of 4
Quiz1 quizPass to earn your CPD certificate.

In this course you’ll learn what a novation agreement does, why it is used on design and build projects, and how transferring a consultant from the employer to the contractor shifts design responsibility. You’ll also see the commercial issues a Quantity Surveyor needs to check before agreeing to novation, from pre-novation liability and design ownership through to collateral warranties and unpaid fees.

 

What Does This Course Entail?

One Video

One Detailed Transcription

Key Points

One Quiz

 

How Long Will This Course Take?

20 minutes

Contact us

Metroun Learning

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