The main difference between a contract under hand and a contract under seal is the formalities required for execution.
21 January 2023 Read more
contracts
It’s not common for a Quantity Surveyor to write the specification for a project, as this task is typically carried out by the design team.
21 January 2023 Read more
Several factors are considered when deciding on the most suitable procurement and tendering method such as risk, timing and uncertainty among others.
21 January 2023 Read more
A subcontractor can be appointed to a main contractor in several ways, including through a nomination, naming or domestic subcontracting process.
21 January 2023 Read more
A contract administrator plays a crucial role in the construction industry, overseeing the day-to-day management of construction projects
20 January 2023 Read more
There are several main contract procurement methods, such as the Traditional, DnB, Partnering, Management and Frameworks.
20 January 2023 Read more
In the law, a seal affixed to a contract or other legal instrument has had special legal significance at various times in the jurisdictions that recognise it.
20 December 2019 Read more
The final account is the conclusion of the contract sum and signifies the agreed amount that the employer will pay the contractor.
4 November 2019 Read more
One common option is a performance bond so that money can be claimed from a guarantor bank at short notice, often simply on-demand.
3 October 2019 Read more
A performance specification is a document that specifies the operational requirements of a component or installation.
2 October 2019 Read more
A prescriptive specification conveys the requirements of a project through a detailed explanation of the materials that the contractor must use and the means of installing those materials.
2 October 2019 Read more
When used in conjunction with a landscape construction contract, the JCLI LMWC should last for at least the duration of the rectification period.
2 October 2019 Read more
JCLI states that the Rectification Period is 12 months after Practical Completion, unless otherwise agreed.
6 August 2019 Read more
Fédération Internationale Des Ingénieurs-Conseils is an international standards organisation for the consulting engineering & construction best known for the FIDIC family of contract templates.
6 August 2019 Read more
Limitation is a time-limit of when a party can raise a claim and is provided for in the Limitation Act 1980, although parties can agree in a contract that a shorter or longer limitation period will apply.
15 June 2019 Read more
There are two types of certificates in construction, that are issued by the CA / QS: Payment & Progress certificates.
13 June 2019 Read more
Novation is a mechanism whereby one party can transfer all its obligations and benefits arising from a contract, to a third party.
11 June 2019 Read more
Both NEC and JCT contracts are standard forms of contract that are part of standard families for procuring works or consultancy services (JCT), goods, works or services (NEC).
8 May 2019 Read more
The Private Finance Initiative (PFI) is a way of funding public projects with a private financer on board. It is a form of Public-Private Partnership (PPP).
5 May 2019 Read more