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Image of - Construction Contracts | Hardcover
Construction Contracts | Hardcover

Construction Contracts | Hardcover

by Ambrish Kumar

Construction contract is simply mutual or legally binding agreement between two parties based on certain policies and conditions generally recorded in documentation form. The two parties involved are owner and contractor. The owner has full authority to decide what type of contract should be used for a specific facility to be constructed and to set forth the terms and conditions in a contractual agreement. Companies seeking to build an office building or industrial facility can document their agreement with the contractor through a construction contract. The contract will specify the scope of the work, which may include pre-construction services, bid analysis, and coordination with architects and subcontractors. The contract should include necessary payment and project completion schedules. In the event of a dispute, the parties may require the dispute to be resolved through arbitration, and any damages to be determined according to a liquidated damages clause.

Highlights

  • binding-icon

    9781681173498

    ISBN:

  • binding-icon

    Ambrish Kumar

    Author:

  • binding-icon

    271

    Pages:

  • binding-icon

    215 gm

    Weight:

  • langauage-icon

    English

    Language:

  • date-icon

    2016

    Year:

  • edition-icon

    UK Edition

    Edition:

  • binding-icon

    Hardcover

    Binding:

₹12258

₹15322

Construction contract is simply mutual or legally binding agreement between two parties based on certain policies and conditions generally recorded in documentation form. The two parties involved are owner and contractor. The owner has full authority to decide what type of contract should be used for a specific facility to be constructed and to set forth the terms and conditions in a contractual agreement. Companies seeking to build an office building or industrial facility can document their agreement with the contractor through a construction contract. The contract will specify the scope of the work, which may include pre-construction services, bid analysis, and coordination with architects and subcontractors. The contract should include necessary payment and project completion schedules. In the event of a dispute, the parties may require the dispute to be resolved through arbitration, and any damages to be determined according to a liquidated damages clause.

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