The Basis of Contracting What is Contract? A legal document that states and explains a formal agreement between two different people or groups, or the agreement itself. What Is a Legal Contract? Legal purpose. A contract must have a legal purpose to be enforceable. For example, Steve hires Paul to kill Susan. Steve drafts an agreement outlining Paul’s responsibilities, namely to acquire a gun and shoot Susan in the head. …
Permanent link to this article: http://www.e-basel.com/contractual/the-basis-of-contracting/
Suspension and Termination of Contracts The construction industry operates within a complex legal framework that encompasses various regulations, legal requirements, and technicalities. Within this intricate landscape, the concepts of suspension and termination of contracts play a pivotal role in governing the relationships between the parties involved. This paper delves into the significance of these concepts …
Permanent link to this article: http://www.e-basel.com/contractual/suspension-and-termination-of-contracts/
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 …
Permanent link to this article: http://www.e-basel.com/contractual/
Rights and Obligations of Parties under Contract Duties Overview, Sample Clause The best way to define contractual obligations is to say that they are the legal responsibilities of each party involved in a contractual agreement. In a contract, both parties will exchange an item or service of value, but certain expectations must be met in …
Permanent link to this article: http://www.e-basel.com/project-management/rights-and-obligations-of-parties-under-contract/
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 …
Permanent link to this article: http://www.e-basel.com/arbitration-dispute/
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 …
Permanent link to this article: http://www.e-basel.com/articles/can-contractor-claim-loss-profit/
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, …
Permanent link to this article: http://www.e-basel.com/articles/interest-damages/
Damage Quantification Experts A Crucial Role in Construction Claims Construction projects are intricate and often fraught with challenges. When issues like cost overruns, time delays, or defects arise, resolving these disputes can be a daunting task. This is where damage quantification experts step in, playing a vital role in evaluating and quantifying damages. But what …
Permanent link to this article: http://www.e-basel.com/services-engineering/damage-quantification-experts/