New approaches to construction contracts in the 1990s
In 1991 the ICE published a new type of contract called the New Engineering Contract (NEC) which aimed to promote […]
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Project managment
More difficult cases of trouble
agent make a mess of things. He cannot step in and tell the agent how to do his job, but he
Methods used for obtaining tenders
An employer usually seeks bids or tenders from construction contractors on the basis of tender documents produced as described in
Methods of payment under different types of contract
———-(a) Rates only contracts ———-(b) Rates and prices for re-measurement contracts ———-(c) Lump sum contracts ———-(d) Cost reimbursement contracts: Under
Methods of payment under different types of contract Read Post »
Minimizing claims and disputes
The key precautions which can be taken to minimize claims and disputes are: (a) adequate site investigations; (b) checking that
Methods of measurement for bills of quantities
detail, or can use fewer items, many of which are inclusive. A common example of an inclusive item used on pipelaying
Meeting the employer
Shortly after his arrival on site the resident engineer should see if the employer wishes to meet him and will set
Lump sum contracts
Alump sum price may be called for, or a series of lump sums. This is best suited to easily defined,
Lump sum construction contracts
Under the standard ICE or FIDIC Conditions, the financial outcome of a project is not absolutely fixed, because the promoter