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Are you facing construction disputes? When dealing with construction contracts, you must understand the most common causes for disputes and the best strategies to resolve them. Read more: https://bit.ly/3YJPnVn #ConstructionDisputes #Contractors

Delay - the biggest cause of disruption, cost escalation and disputes on construction projects. But how should it be managed and recorded, and what is acceptable evidence of delay in a court or other tribunal? Find out more in this recording: https://buff.ly/3vWx45c

The Construction Act permits phased or annual holdback release, but only if the value of the contract is over a prescribed amount. The regulations currently set that amount at $10 million. This is a high threshold which prevents early holdback release to subcontractors on many projects, including residential projects where subcontractors are least accustomed to long periods of holdback retention by the owner/contractor. Why prevent phased or annual holdback release on those projects if it's what the owner and contractor want to do?

Why do claims occur in construction contracts? Understanding the reasons behind claims in construction projects can aid in averting expensive disputes. Keep an eye out for these common warning signs. #Contracts #ConstructionClaims #EOT #ContractManagement

Claims in construction contracts often arise from factors like scope changes, unforeseen site conditions, delays, and miscommunications. Understanding these reasons is crucial to prevent costly disputes. Keep an eye out for common warning signs such as ambiguous contract terms, inadequate project planning, inconsistent documentation, and lack of stakeholder alignment. By addressing these issues proactively, project teams can mitigate risks and ensure smoother project execution. Jinoy Viswan FIE, CEng, PMP, ACIArb, Dip Arb (Cand.),

Learn why every clause and signature can make or break your construction journey. Tune in! #construction #contractmanagement #contractterms #contractortips

Learn why every clause and signature can make or break your construction journey. Tune in! #construction #contractmanagement #contractterms #contractortips

Are deeds and guarantees in your construction contracts causing you headaches? Discover the essential truths and strategies to navigate these complex elements smoothly. Click play and transform your approach to contract management today!

Contract vs. Agreement: Key Differences in Construction 🤝 In construction, "contract" and "agreement" are often used interchangeably but have distinct legal meanings. Here’s a quick breakdown: 1. Contracts A contract is a legally binding document outlining the rights and obligations of the parties involved. In construction, this typically includes scope of work, timelines, payment terms, and quality standards. Key features: Enforceability: Legally binding and enforceable in court. Detailed Terms: Covers comprehensive terms and conditions. Risk Allocation: Outlines responsibilities, liabilities, and risks. Common types include lump sum, cost-plus, time and materials, and unit price contracts. 2. Agreements An agreement is a mutual understanding between parties. While it can outline responsibilities and expectations, it isn’t always legally enforceable unless it meets contract requirements. Agreements are often used in early project stages or informal arrangements, like memorandums of understanding (MOUs). In construction, an agreement might serve as a precursor to a formal contract, setting basic terms and intentions.

https://lnkd.in/dVZaYAzk prolongation costs in construction : damages and justifications #delayanalysis #prolongationcost #elcontrolwithyasserabouzeid