Page Tags: Contract Negotiation

Hudson Formula

Hudson Formula

Hudson Formula The so-called “Hudson Formula” is a topic of considerable debate within the legal and engineering communities. However, it is crucial to recognize that this formula lacks a solid foundation in both law and logic. Generally, it is widely accepted that damages and off-site overheads cannot be accurately determined through a rigid formula. While …

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The Basis of Contracting

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. …

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Tendering and Contractor Selection

Selection of Contractor

Tendering and Contractor Selection Tendering and contractor selection play a vital role in the world of construction projects. When embarking on a construction endeavor, whether it’s building a towering skyscraper, developing infrastructure, or renovating existing structures, the process of selecting the right contractor is crucial. It ensures that the project is executed efficiently, cost-effectively, and …

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Pricing variation

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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