Choosing the Right Contract in Construction: A Guide to Getting It Right Imagine this: You’re starting a construction project. The excitement is high, but so are the risks. What if something goes wrong? How do you ensure everyone sticks to their part of the deal? The answer lies in construction contracts. But picking the right …
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Construction Delay Analysis Techniques
Construction Delay Analysis Techniques A Review of Application Issues and Improvement Needs The time for performance of a project is crucial to both the employer and the contractor, emphasizing the need for a thorough analysis of project delays. This analysis is essential for making informed decisions regarding potential time and/or cost compensation claims. While existing …
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Managing Risks: The Crucial Role of Architects
Managing Risks: The Crucial Role of Architects, Engineers, and Quantity Surveyors in Commercial Organizations Managing Risks: The Crucial Role of Architects, Engineers, and Quantity Surveyors in Commercial Organizations In the dynamic and complex landscape of commercial organizations, effective risk management is paramount to ensuring project success and minimizing financial losses. Architects, engineers, and quantity surveyors …
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Concurrent Delays
Concurrent Delays Concurrent delay is a situation in which two or more delays occur at the same time and have a cumulative effect on the project schedule. Concurrent delays can be caused by a variety of factors, including: Owner-caused delays, such as late delivery of materials or changes to the scope of work Contractor-caused delays, …
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Contractor Entitled to be Paid Acceleration Costs
Contractor Entitled to be Paid Acceleration Costs: Introduction: Contractor’s Right to Acceleration Costs In construction projects, delays can often arise due to unforeseen circumstances, changes in scope, or the actions of the project owner. These delays can have a significant impact on the project’s timeline and cost. When a contractor is faced with delays that …
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Does an Accepted Quotation by a Contractor Include Result Delay Costs
Does an Accepted Quotation by a Contractor/Subcontractor Include Result Delay Costs? Introduction: Result Delay Costs in Accepted Quotations In construction projects, contractors and subcontractors often submit quotations for specific tasks or portions of the work. Once a quotation is accepted, it becomes a binding agreement between the parties. However, the question arises: does an accepted …
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Empowering Subcontractors in the Construction Industry
Unlocking the Potential: Empowering Subcontractors in the Construction Industry Subheadings: Understanding the Power Dynamics in Construction Contracts Overcoming the Challenges Faced by Subcontractors The Importance of Building Strong Relationships Navigating the Next Job Syndrome Empowering Subcontractors for a Brighter Future Understanding the Power Dynamics in Construction Contracts In the intricate web of the construction industry, …
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The Impact of Good Faith Principle on Construction Contracts
The Impact of Good Faith Principle on Construction Contracts: A Comprehensive Analysis Introduction The principle of good faith has emerged as a pivotal factor with far-reaching implications in various contractual arrangements. While it is widely acknowledged in most civil legal systems as a fundamental principle, its definition within the construction industry remains limited. Notably, common …
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Hudson Formula
Hudson Formula A Critical Analysis of Its Use in Construction and Engineering Contracts Explore the Hudson Formula’s limitations in legal and practical applications within construction disputes. Understand its flaws, legal standing, and why professionals are seeking alternative methods. The so-called “Hudson Formula” is a topic of considerable debate within the legal and engineering communities. However, …
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Extension of Time
Extension of Time What is Extension of Time (EOT)? Extension of Time (EOT) is a delay which could not be reasonably foreseen at the time of contract signing. The granting of an Extension of Time relieves the contractor from liability of damages such as Liquidated Damages from the original date of contract completion for the period …
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