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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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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Design and Construction Defect Claims Construction Defect This is a simple question with a complicated answer. Construction defects are one of the most common causes of disputes and litigation in the construction industry. There is often disagreement when it comes to identifying what a construction defect is because of the differing viewpoints and interests of …
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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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