By Will Hughes
The 5th variation of this bestselling textbook has been completely revised to supply the main up to date and finished assurance of the laws, management and administration of development contracts. It now contains comparisons of operating with JCT, NEC3, and FIDIC contracts throughout.
Introducing this subject on the middle of development legislation and administration, this e-book offers scholars with a one-stop reference on building contracts. major new fabric covers:
- procurement
- tendering
- developments in dispute settlement
- commentary on all key laws, case legislation and agreement amendments
In line with new considering in building administration study, this authoritative advisor is key analyzing for each building undergraduate and an incredibly beneficial resource of reference for practitioners.
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Additional resources for Construction Contracts: Law and Management
Example text
In that case, the offered price should be correspondingly lower but the final price will be increased if the eventuality comes to pass. Any extra risk to be carried by the contractor should therefore be reflected in the price charged for the work. This discussion leads to an inevitable conclusion; a basic principle to be observed in the letting of all construction contracts. Wherever risk is to be shifted from the contractor to the owner, there should be a counterbalancing advantage of price to balance the risk assumed by the owner (Wallace 1986).
Disputes and termination: adjudication, arbitration and termination provisions broadly in line with SFA/99. 6 23 INTEGRATED DOCUMENTATION The biggest problem currently facing professional institutions in preparing professional service agreements is the tension between fulfilling demands to develop co-ordinated documentation for the whole team on the one hand, and protecting the interests of their members on the other. While major developer clients often provide their own documents for consultants to use, practice in the industry is diverse.
Engineering contractor, package contractor, specialist, specialist contractor, specialist sub-contractor, specialist supplier, specialist trade contractor. Domestic sub-contractor, labour-only sub-contractor, named sub-contractor, nominated sub-contractor, nominated supplier, specialist sub-contractor, supplyonly sub-contractor, sub-contractor, trade contractor, works contrac tor. showing how they may be grouped. This shows an enormous range of terms that describe various project participants, some of which are roughly synonymous with each other, and all of which are in current use.