The Bill will do great things moving forward, with a proper focus on the 'golden thread' of contracting through the gateways, with the ultimate goal of ensuring build quality and building safety becomes paramount. The uplift in cost will be borne by developers, and in theory should drive innovation, but not at the cost of safety!
Historic cladding and building safety issues now fall at the feet of landlords and developers, and not leaseholders. This 'waterfall' of obligations will definitely cause a splash for many property owners, who have inherited or purchased defective buildings, with no one left to pursue. This could cause years of strife and litigious dealings in overcoming the historic deficiencies in build quality, which are often not the cause or fault of those now being forced to pick up the tab.
This new legislation will be a cause for celebration for many, however, professionals in the industry must now quickly get up to speed with their new duties.
Last year, DWF published a report - 'A new regime - the aftermath of Grenfell' – that explored some of the longstanding issues within the UK's construction industry which led to the cladding crisis and the impact of the proposed Building Safety Bill. The report was informed by discussions with leaders and professionals within the construction and insurance sectors.