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/
Claims Under FIDIC Contract CLAIMS UNDER THE NEW FIDIC CONDITIONS OF CONTRACT Conditions of Contract for Construction, FIDIC Forms. It is known as ‘the Red Book’. The FIDIC Conditions are used extensively on international construction projects, notably for major infrastructure work. The FIDIC Forms are used on projects funded by the World Bank, and the drafts …
Permanent link to this article: http://www.e-basel.com/fidic-rainbow-suite/claims-under-fidic-contract/
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 …
Permanent link to this article: http://www.e-basel.com/fidic-rainbow-suite/
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 …
Permanent link to this article: http://www.e-basel.com/project-management/pricing-variation/