Prolongation Costs and Claims in Construction Contracts
Delays are, unfortunately, a common occurrence in construction projects and are often associated with significant cost impacts. When delays are ...
Tag: contract management
What is the Difference Between Commercial Close and Financial Close?
Large-scale engineering projects are known not only for their technical complexity but also for their sophisticated commercial arrangements and funding ...
Liquidated Damages in Construction Contracts – An In-Depth Review
In recent decades, construction agreements have continuously evolved and been refined to allocate and distribute risks better between employers and ...
Estoppel in Construction Contracts: How do they work?
Construction contracts govern the relationship between contractors and owners and specify the obligations and rights of each party in a ...
Managing Contracting vs Construction Manager – Key Differences & Tips
One of the critical aspects of a construction project development is ensuring that the most suitable contracting approach is implemented.With ...
What is a Managing Contractor? (Details, Examples & Tips)
Among many collaborative contracting styles, the managing contractor (MC) approach is one of the most implemented models in the construction ...
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