Ministry of Land, Infrastructure, Transport and Tourism, Standard Contracts Amendment WG, Continue to consider cancellation of transfer, present conditions for transfer approval

The Ministry of Land, Infrastructure, Transport and Tourism is a working group (WG) discussing the revision of the standard contract for construction industry.

The WG has also discussed whether the contract can be canceled if the orderer's rights and obligations are transferred to a third party. If the situation shows that there is a shortage of funds, it is also provided in the text to allow it to be approved. However, we will continue to consider whether or not the cancellation of the contract upon transfer will be allowed without notice.

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