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 …
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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 …
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FIDIC Orange Book Orange Book Conditions of Contract for Design-Build and Turnkey First Edition 1995 Contents of Contract Book _ General Conditions _ Guidance for the Preparation of the Particular Conditions _ Forms of Tender and Agreement The Orange book was published in 1995 to provide a design and build option to the then current FIDIC …
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FIDIC Yellow Book FIDIC Yellow Book Conditions of Contract for Plant and Design-Build For electrical and mechanical plant, and for building works, designed by the Contractor First Edition 1999 The Yellow Book provides conditions of contract for construction works where the design is carried out by the Contractor. The current Yellow Book bears little resemblance to its predecessors. The …
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FIDIC Red Book The New 2017 FIDIC Red Book FIDIC Red Book Introduction and FIDIC Core Principles Second Edition 2017 (first Ed 1999): Red Book – Conditions of Contract for Construction for Building and Engineering Works Designed by the Employer; Yellow Book 1999 – Conditions of Contract for Plant and Design Build, for Electrical …
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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 …
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Can a contractor challenge the liquidated damages ? What are liquidated damages? Sum of money (agreed-to and written into a contract) specified as the total amount of compensation an aggrieved party should get, if the other party breaches certain part(s) of the contract. The contract also establishes what actions or failures to act constitute a …
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