Contractual Problems and Solutions Contractual Problems An overview of common provisions and contractual issues for organizations. A contract is a binding agreement between two or more parties, defining the expectations of each participant. This legally enforceable arrangement should make doing business easier – however underlying issues can lead to disputes. Here are four tips to …
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Arbitration Adjudication, mediation, mediator, negotiation, conciliation, intervention ADR | Alternative Dispute Resolution | Procedure What is Arbitration? Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute …
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Can a Contractor Claim for Loss of Profit ? Claim under standard forms of contract All standard Forms of Contract provide for the Architect or the Engineer to order variations to the Works, and such variations may include omissions. Whenever variations are ordered that omit work, and particularly if such omissions are substantial in nature, contractors …
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Interest and Damages. Damages in Construction Claim | Interest Interest is either interest as a component of the claim, or interest after the award. Each is for different period of time. the rates may also different. Interest can be a very substantial component of the claim. Sometimes, by the time the claim comes to trail, …
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Damage Quantification Experts Damage Quantification Experts Direct & Indirect Construction Claims Construction claims are often the result of cost overruns, time delays or construction defects, all of which are qualitatively visible. Quantification of damages associated with construction claims is a diligent effort, as they are often intertwined between various aspects of the project, such as …
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