Unusual and "badly-worded" GMP clause reviewed | Practical Law
In AMEC Group Ltd v Secretary of State for Defence [2013] EWHC 110 (TCC), Coulson J in the Technology and Construction Court (TCC) rejected a challenge against a dispute review board's (DRB) award concerning the meaning of a guaranteed maximum price (GMP) clause. The DRB was constituted as an arbitration and the board's award was appealed under section 69 of the Arbitration Act 1996.