After the Building Safety Bill was finally published, John Murray and Jessica Pack explore the financial and regulatory impacts on the development and construction industries.
The Building Safety Bill has been four years in the making, much speculated over, and on 5 July 2021, it was finally published by the government.
While residential leaseholders were hopeful the bill would provide them with additional protections – preventing the substantial costs of remediation works from being passed down to them – the bill is primarily focused on the construction and maintenance of high risk buildings.
The bill, however, acknowledges the existing ambiguity – particularly for residents – around who is responsible for ensuring the fire safety of a building and whether or not said person is considered competent. The bill aims to rectify this, requiring fire safety i...