PITFALLS & TIPS OF DEALING WITH SUBCONTRACT NOMINATION UNDER FIDIC & UAE CIVIL LAW The construction industry is a complex and challenging field, where many parties are involved in completing a project. One such party is the subcontractor, who is often nominated by the main contractor to perform a specific portion of work. The use …
Tag: fidic
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Apr 09
Lump Sum Contract VS FIDIC 99 Contract
Lump Sum Contract VS FIDIC 99 Contract Lump Sum Lump Sum Typically used with Design-Bid-Build method of project procurement. a. A lump sum contract, sometimes called stipulated sum, is the most basic form of agreement between a supplier of services and a customer. The supplier agrees to provide specified services for a specific price. The …
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