Construction Delay Analysis Techniques A Review of Application Issues and Improvement Needs The time for performance of a project is crucial to both the employer and the contractor, emphasizing the need for a thorough analysis of project delays. This analysis is essential for making informed decisions regarding potential time and/or cost compensation claims. While existing …
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Concurrent Delays Concurrent delay is a situation in which two or more delays occur at the same time and have a cumulative effect on the project schedule. Concurrent delays can be caused by a variety of factors, including: Owner-caused delays, such as late delivery of materials or changes to the scope of work Contractor-caused delays, …
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Does Faith (Good) Matters in Construction Contracts? The Importance of Faith in Construction Contracts: A Key Factor for Success Introduction: The Significance of Faith in Construction Contracts Construction contracts are complex legal agreements that govern the relationships and obligations between various parties involved in a construction project. While the terms and conditions of a …
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The Impact of Good Faith Principle on Construction Contracts: A Comprehensive Analysis Introduction The principle of good faith has emerged as a pivotal factor with far-reaching implications in various contractual arrangements. While it is widely acknowledged in most civil legal systems as a fundamental principle, its definition within the construction industry remains limited. Notably, common …
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Extensions of Time What is Extension of Time (EOT)? Extension of Time (EOT) is a delay which could not be reasonably foreseen at the time of contract signing. The granting of an Extension of Time relieves the contractor from liability of damages such as Liquidated Damages from the original date of contract completion for the period …
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Construction Contracts A construction contract serves as a crucial legal document that establishes a binding agreement between the owner and the builder. It ensures that the executed job will receive a specific amount of compensation or clarifies how the compensation will be distributed. In the construction industry, where projects can involve substantial investments, complex operations, …
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FIDIC RAINBOW SUITE The International Federation of Consulting Engineers In today’s world, the construction industry is expanding rapidly. With the rise in the number of infrastructure projects, it is important to have a standardized contract agreement between parties. One such agreement that has gained popularity is the FIDIC Rainbow Suite. In this article, we …
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Pricing variation Variation In Writing Because of the many different categories of legal claim made under the heading of variation claims, there are many ways in which the so-called variations are priced. The most straight forward variation claim is that based on debt. For example a contract may provide that if the owner directs the …
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Nine lessons for avoiding construction disputes Construction Disputes: construction : Economic theory tells us that the pain of recessions may put stress on companies, but it also forces them to evolve and adapt. Companies willing to learn from adversity can emerge stronger and wiser. Those who failed to learn from economic hardship are among the …
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Construction Claims Engineering Construction Claims Navigating Engineering Construction Claims The construction industry is highly competitive and complex, requiring meticulous attention to detail in the formation of construction contracts. Ensuring that contracts are fair, feasible, and clearly define liability and obligations can help prevent potential issues, reduce performance disputes, and ensure timely payment for work performed. …
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