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 …
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Organisation Culture and Leadership Culture | THE ROLE OF ORGANIZATIONAL CULTURE IN CONSTRUCTION PARTNERING TO PRODUCE INNOVATION The construction industry is commonly being cited as a multifaceted industry, of many adversarial relationships due to different parties collaborating in temporary organizations working together towards completing a project. The industry is also widely being cited as being …
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Can a contractor challenge the liquidated damages ? Introduction: Challenging Liquidated Damages in Construction Contracts Liquidated damages are a predetermined amount of compensation that a contractor may be required to pay to the project owner in the event of a breach of contract, such as delays or non-performance. While liquidated damages are designed to provide …
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