Under which conventional contract is the Representative involved?

Q: What are the three types of authority exercised in a construction contract?

A: A construction contract is defined as an agreement which legally bind the owner of the project and…

Q: Why is the Resident Project Representativelible of reviewing the contract documents carefully?

A: Resident Project Manager corresponds to on-site staff who have been granted power and duty to handle…

Q: What are the five principles of contract administration?

A: Six priciples of contract management:

Q: When and under what conditions would the option to contract be executed

A: Contract: The term contract is defined as the agreement between the two (or) more parties. The…

Q: In which project delivery method do the Owner, Designer(s), and Contractor(s) enter into a single…

A: To find :- In which project delivery method do the Owner, Designer(s), and Contractor(s) enter into…

Q: What steps must be taken to set up a partnership? How cana partnership be dissolved?

A: A general partnership does not require any official documents to set up. It can be as simple as an…

Q: Can the contractor, attempt to interpret the strict orders of specifications to prepare the bid?

A: Bidding is the process in a tender and the one who put the highest bid will get the contract.

Q: How can a project become involved in litigation?

A: Litigation is the mechanism through which a lawsuit is taken to trial. The legal cycle is usually…

Q: What is the role of a gateway person in contract administration?

A: The role of gateway person in contract administration are:

Q: Why use standard forms of contract?

A: Standard contracting forms have a whole host of benefits:

Q: Discuss the importance of boilerplate contract terms and conditions as part of the contract. How do…

A: Boilerplate clauses, also known as common, general, and miscellaneous clauses, are provisions that…

Q: Is the contract time always the same?

A: The contract is a legal agreement which is signed between two or more parties. The limitation period…

Q: On the typical project, which are the twoprime contracts made with the owner?

A: On the typical project, usually there are two different prime contracts signed with the owner.

Q: Is it permissible for the owner’s representative to issue instructions or orders to a subcontractor…

A: Stopping work orders can be given when inspectors or an owner's representative consider workers…

Q: May change orders be issued between the time of opening bids and the execution of the Agreement?

A: The change order is a order issued to alter, add or modify the work from what is arrived in the…

Q: When a claim or dispute arises, what steps should be taken by the contractor?

A: In the construction project, the dispute arises due to disagreements between the parties on a…

Q: Where a contract document lists an order of precedence,what effect does that provision have on…

A: An order of precedence is listed to resolve any disputes that arise from the conflicts between the…

Q: What is the difference between the Public contracts and the Private contracts?

A: Public contract is a contract to undertake a specific task which is financed by government funds to…

Q: What are the advantages and disadvantages to the contractor of renting rather than buying equipment?

A: Renting equipment increases the cost activity in the project if the quantum of work performed using…

Q: Why is the Insurance coverage an important contractual responsibility of the contractor?

A: Insurance is very important in case of contract.

Q: Contractor A fails to complete the contracted Work for a project based on the contract drawings and…

A:

Q: What are the general conditions of a contract?

A:

Q: Who can order the termination of work to a contractor/

A: The termination of a construction work may be due to various reasons such as non-performance of…

Q: What are the main elements of a contract?

A:

Q: In what major section of the contract is the time duration ofthe project normally specified?

A: Supplementary conditions section contain special points which qualify or modify the general…

Q: Name three ways the construction contract can be terminated.

A: There are several explanations for breaking a construction contract. Non-payment by some manager or…

Q: Under what circumstances is a cost-plus contract favorableto both owner and contractor?

A: The cost plus style of contracts has a variety of a reimbursement schemes used to pay for the…

Q: a type of construction contract and make a brief discussion of its advantages and disadvantages to…

A: A contract protects both the builder and the owner by ensuring that expectations are clear from the…

Q: In a construction contract, list the effects of achieving substantial completion upon the contract…

A: A construction contract includes general and special terms of agreement, details of construction…

Q: What personal and technical abilities are the most important for the engineer who is engaging in the…

A: The engineer should have following personal and technical abilities.

Q: Why do the contractor favor no fault settlement while resolving a dispute?

A: A dispute resolution is also referred to as alternative dispute resolution, it is a method for…

Q: What types of relationships are intended to be established under a Partnering agreement?

A: When a mutually developed formal ideology of communication and accountability planned to increase…

Q: Where a contract document lists an order of precedence, what effect does that provision have on…

A: To determine the solution of disputes of field conflicts in the different parts of the contract…

Q: contractor provided a surety bond as required by the bid specification for the building project. In…

A: Option 4 is correct ( Principle )

Q: Can a change order be issued at any time after the award of the contract?

A: A change order is a document which is used to record a modification to the original construction…

Q: What procedural steps should be taken by the contractor in a contract?

A: A contractor is a self-employed person who can carry out the works for the construction company. The…

Q: Define the FIDIC and the JCT contracts. State also the difference between both and which one is more…

A: FIDIC stands for Federation Internationale Des Ingenieurs-Conseils. FIDIC contracts are usually…

Q: Why is it important to understand how to choose the correct type of consruction contract to issue?

A: Answer:- Construction contract:- It is a mutual or legally binding agreement between two parties…

Q: Do the project records define contractual parameters within which the parties should function?

A: Let's first understand "what is project record" Managing project records is a crucial responsibility…

Q: . Name one set of circumstances where it is permissible in public contract to specify a sole source…

A: In a public work contract, the engineer or the architect capabilities to specialize only one brand…

Q: What is the bilateral contract modification?

A: Bilateral contract modification is a supplementary agreement that are signed by the contractor and…

Q: What type of bond guarantees that if a contractor goesbankrupt on a project the surety will pay the…

A: Payment bond guarantees that if a contractor goes bankrupt on a project the surety will pay the…

Q: If the engineer or the owner disputes the work being performed by a subcontractor, with which party…

A: The contractor is responsible for the betterment of the project. The contractor also responsible to…

Q: Write some of the common conditions that generally give rise to the need for a contract change…

A: Contract Change Order : A contract change order is work that is applied to or removed from the…

Q: What questions should the owner consider before giving the responsibilities to the contractor?

A: The owner of the project should ask the following questions to the contractor before signing the…

Q: What is the Breach of contract?

A: "Contract violation" is a legal term describing infringement of a contract or arrangement that…

Q: What is necessary to form a contract?

A: These are the key elements of a contract: Contract Basics Agreements are lawful arrangements between…

Classification of Legal Structure

The first step for the establishment of any company is to find a suitable legal structure. To determine the appropriate legal structure for a specific company or a venture, professional guidance is necessary for the deep understanding of various structure classifications, long-term targets, and certain choices. The categorization of different business legal structures comprises liability implications, income and taxation considerations for the company owners.