Rules of Negotiation in Construction Contract Management Negotiation plays a critical role in contract management, as it is often the key to securing tenders, business deals, and project opportunities for companies and other multinational organizations. The negotiation process involves two or more parties coming together to reach a common resolution or agreement for a shared …
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Hudson Formula The so-called “ Hudson Formula “ has no basis in law or logic. It is generally accepted that damages and off-site overheads cannot be proven by a formula. The formula barely gets a mention in Hudson’s Building and Engineering Contracts, however, since it is frequently referred to in texts and sometimes in judgments, …
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Time Related Claims Construction Delay Claims Constructions contractors usually have a time within which or a date by which the contractor must complete the work or bring it to the stage of practical completion. There is usually a definition of completion or practical completion. completion is usually defined to be substantial completion of work. Before …
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Why Use e-basel Administered Arbitration Rules for your Commercial Disputes? We understand your needs. E-basel rules were created by users, for users—so we’ve been you, we get you and we’ve got you covered. Your corporate dispute is stressful enough. Whether for an administered matter or any number of other services that e-basel offers, let our experienced and …
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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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Licensing and Building Claims Licensing Legislation In United Arab Emirates each State of Emirates has legislation providing for licensing of some categories of contractors. The legislation in each emirate is completely efferent. It is beyond the scope of this article to examine the differences. That would be an enormous task. However, there are some uniform …
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Variation Claims Under Contract Construction Variation Claims Construction variation claims refer to disputes that arise when changes are made to the original scope of work agreed upon in a construction contract. These changes can include alterations to the design, materials, or schedule of the project, and can be initiated by either the client or the …
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Construction Claims Construction Claims | Management Issues, Common Type of Claims Construction Claim can be defined as a request by either party to the contract, usually the Contractor, for compensation for damages caused by failure of the other party to fulfil his part of obligations as specified in the contract. The compensation is usually in …
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Financial Remedies for Breach of Contract In Dubai, like many other jurisdictions, construction contracts are legally binding agreements that establish the rights and obligations of the parties involved in a construction project. These contracts often include clauses that outline financial remedies in the event of a breach of contract by one of the parties. Financial …
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Employer’s Obligations The most important of the employer’s obligations under a construction contract are monetary to pay the contract what is due for work done, and in certain circumstances to compensate the contractor for loss and expense. Payment is one of the most important issues in any construction contract for both the party making payments …
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