Extract of sample "Time extension under FIDIC 1999"
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It also includes details of operations like payments and specific works to be done in the contract.
Due to the fact that the construction contract comes with numerous elements which define the contractors tender, employers letter of acceptance, contract agreement, contract conditions and technical details2, it is prone to numerous issues that can affect its interpretation. This include misunderstanding, conflict and other disputes.
In order to minimize these problems, FIDIC has a set of standardised rules and regulations that control the operation of construction contracts. The 1999 FIDIC Red Book sets out provisions for continuity of projects, encouragement of of constructive relationships and provisions for dealing with uncertainties3.
Clause 20.1 provides an important guideline on how claims can be made and it regulates the relationship between Employers and Contractors on making claims for further payments and time extensions amongst other things4. Clause 20.1 states that:
“If the Contractor considers himself to be entitled to any extension of the Time for completion and/or any additional payment, under any Clause of these conditions or otherwise in connection with the contract, the Contractor shall give notice to the Engineer describing the event or circumstances giving rise to the claim. The notice shall be given as son as practicable, and not later than 28 days after the Contractor becomes aware or should, after the contractor becomes aware, or should have become aware of the events or circumstances”
This clause attempts to create a timeframe within which Contractors must report issues relating to time constraints need for further payments and other issues. This is necessary because there is the need for some kind of order to ensure that Employers and Contractors needs are respected and there is no indefinite right for Contractors to come back with their demands and requests for time
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“Time Extension under FIDIC 1999 Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/law/1598913-time-extension-under-fidic-1999.
Brand extensions are carried out by companies to leverage the equity built up in the established brands to launch new products that never have been their competencies in the past. Boush and Loken in 1991 argued that companies can utilize brand extensions by appropriately planning the organization structure, capital resources and ability of internal people keeping in mind the brand equity of the organization in existing markets and the corresponding expectations that the consumers shall have in the new markets keeping in view the existing perceptions about the organization.
or 2.9 Chapter Closing Comments CHAPTER 3 – TYPES OF DELAY AND DELAY ANALYSIS 3.1 Background 3.2 Significance of Delay Analysis 3.3 Types of Delay 3.3.1 Critical VS non-critical 3.3.2 Excusable versus non-excusable delay 3.3.3 Compensable versus Non-compensable delays 3.3.4 Concurrent delays 3.4 Measuring Delays with the help of Schedules 3.4.1 Measuring Delay with Contemporaneous Schedule 3.4.2 Measuring Delay with As-planned schedule 3.4.3 Measuring Delay with As-Built Information Schedule 3.4.4 Measuring Delay with Critical Path Method Schedule 3.5 Measuring Delay Using No Schedules 3.5.1 Use of Contemporaneous Documents for Sequence and Timing 3.6 Chapter Closing Comments CHAPTER
The author states that in 2007, the UAE government adopted new contracts, based on the broad principles of the FIDIC conditions for construction, plant and design and build form of contracts. These contracts offer two forms, namely, Conditions of Contract for Construction and Conditions of Contract for Design and Build.
Now the FIDIC is used over a great extent as a standard for the contacts that are of international standard. The forms of FIDIC reflect the usual standard for different types of international contracts all over the world.2 Nowadays it is well-known because of its variety of contract’s standard terms for the plant, construction, as well as for the designing industries.
Due to the brand loyalty and awareness coke enjoy, it will be much easier to sell another product with coke similarities because consumers of coke will be more likely to buy the product (Chien & Moutinho, 2007). The new product will be a soft drink and it will have to share a name with coke, for example, giving it a brand name meal coke.
The process of agricultural extension generally involves conveying of essential and practical information to the farmers. The data usually includes ways of using improved seeds, pesticides and fertilizer. Agricultural extension education started in the early 1800.
The term “completion of a contract” could have many meanings depending upon the context in which it is used. In case where it implies the completion of the whole assigned task, it has attached to it specific obligations of the contractor and the employer as par the express or implied terms in the contract
The English contract law is also experiencing gradual changes due to the membership of UK of international organizations and the European Union. Any agreement that can be enforced by the court is regarded as a contract. Since a contract is a voluntary
The author states that based on the business conditions or other such stipulations the subcontractor may assume many forms through which he fulfills the instilled obligations of the Employer or main Contractor. In most given circumstances the subcontractors hired by a general contractor in order to execute specific project objectives.
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