Does an Accepted Quotation by a Contractor/Subcontractor Include Result Delay Costs? Where a contractor/ subcontractor submits a quotation for extra work which is accepted, is the accepted quotation deemed to include for any result delay costs? In general, whether an accepted quotation for extra work includes result delay costs would depend on the specific terms …
Permanent link to this article: http://www.e-basel.com/articles/does-an-accepted-quotation-by-a-contractor-include-result-delay/
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 …
Permanent link to this article: http://www.e-basel.com/contractual/does-faith-good-matters-in-construction-contracts/
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 …
Permanent link to this article: http://www.e-basel.com/contractual/rules-of-negotiation-in-construction-contract-management/
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/
Suspension and Termination of Contracts The construction industry operates within a complex legal framework that encompasses various regulations, legal requirements, and technicalities. Within this intricate landscape, the concepts of suspension and termination of contracts play a pivotal role in governing the relationships between the parties involved. This paper delves into the significance of these concepts …
Permanent link to this article: http://www.e-basel.com/contractual/suspension-and-termination-of-contracts/
Financial Remedies for Breach of Contract In the bustling city of Dubai, much like in numerous other jurisdictions worldwide, construction contracts play a pivotal role in shaping the landscape of the thriving construction industry. These contracts serve as legally binding agreements that meticulously define the rights, responsibilities, and expectations of the parties engaged in a …
Permanent link to this article: http://www.e-basel.com/contractual/financial-remedies-for-breach-of-contract/
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/
Contractual Problems and Solutions Contractual Problems An overview of common provisions and contractual issues for organizations. A contract is a binding agreement between two or more parties, defining the expectations of each participant. This legally enforceable arrangement should make doing business easier – however underlying issues can lead to disputes. Here are four tips to …
Permanent link to this article: http://www.e-basel.com/contractual/
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/