The main difference between a contract under hand and a contract under seal is the formalities required for execution.
section 4C1
There are several main contract procurement methods, such as the Traditional, DnB, Partnering, Management and Frameworks.
Novation is a mechanism whereby one party can transfer all its obligations and benefits arising from a contract, to a third party.
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).
On a project that involves earth works as well as planting, using a JCLI contract would not be the best option, since it doesn’t allow for clauses more specific to the earth works.
The main reason for choosing between a contract under hand rather than under deed, may be the liability period associated with each one.
The changes between the JCLI 2012 and the 2017 edition, are summarised below:
A Letter of Intent (LOI) in construction is a document that outlines the general terms and conditions of a proposed…
If the quality of the end result is not the driving factor and there is limited time to implement the…
The traditional method of procurement, also known as the “design-bid-build” method, is characterized by a sequential and linear process where the design of the project is completed before the construction is bid out and awarded to a contractor.