Nature of Construction Contracts Introduction For this assignment the writer is going to discuss the nature and types of construction contracts and will explain the legal responsibilities of the various parties involved in the design and the construction process. Using different types of sources an explanation to the basic principles of contract law and how they apply. From doing this there will then be an explanation to what extent standard forms of contract are special types of contract. Contract
Premium Construction Contract Contract law
Brandon Leung CAE 460 – KL February 2‚ 2015 Assignment #1 2.1: What are the three major types of construction bonds? Why are they required? Name three items that affect bonding capacity. Three major types of construction bonds are: Performance Bonds‚ Payment Bonds‚ and Securing Bonds. They are required because a bond allows one party (Obligee) to protect itself against default in a relationship with a second party (Principal). A third party (Surety) provides this protection. Three items that
Premium Construction General contractor Insurance
Faced in The Construction Industry It is quite obvious that the Construction industry is one of the most important industries in the world. Because of construction‚ we all live in homes‚ apartments‚ condominiums‚ and other living places that were created by construction. Most jobs are in buildings‚ which were also created by construction. Basically‚ the entire structural part of society was created by hard working construction workers. To give you a general idea of why the Construction industry is
Premium Global warming Construction Immigration
is one of the most pressing challenges facing by the Malaysia Construction Industry as the “Wet Trade” construction approach at present relies heavily on the availability of the large number of foreign labour. Economic Report 2001/2002 stated the employment of 769‚300 workforces in the construction sector‚ foreign workers are estimated to constitute 70% (or 538‚500) of the construction workforce. The Malaysian Construction Industry has revamped its employment of foreign workers beginning
Premium Foreign worker Selangor Scientific method
John O’Donnell Gallagher Construction and Development are based in north London. They are a property development and refurbishment company. They have been in the construction industry for about twenty five years. They have a workforce of twenty directly employed and about fifty self employed workers at the moment. The major political influences on the construction industry in London at the moment are the Mayor of London’s Sustainable Design and Construction Supplementary Planning Guidance
Premium Construction Building
Introduction Construction activities are often exposed to various weather conditions‚ and often construction productivity is dependent on these weather conditions. Weather conditions are local‚ seasonal‚ and sometimes unusual. Inclement weather conditions often result in project disruptions‚ delays‚ and disputes between the project parties. Many trades such as earthwork‚ concrete‚ roofing‚ and landscaping are often affected by severe weather‚ meanwhile other trades such as carpet installers
Premium Construction Project management Wind
THE GLOBE CONSTRUCTION COMPANY The Globe Construction Company top management held a management workshop one weekend in April of 1989 for the purpose of discussing present policies and procedures with the ultimate objective of formalizing these in a new company operations manual. The company was established in the mid-50s by Mr. Eduardo Concepcion. The company grew at a very fast rate due to the construction boom in the government sector during the administration of ex-President Ferdinand E. Marcos
Premium Project management Construction
Indian Construction Industry – 2006-07 13th AsiaConstruct INDIAN CONSTRUCTION INDUSTRY 2006-2007 PREPARED BY CONSTRUCTION INDUSTRY DEVELOPMENT COUNCIL INDIA P.R. Swarup‚ Director General‚ Construction Industry Development Council‚ India -1- Indian Construction Industry – 2006-07 Indian Construction Industry – An Overview of Practices Introduction The paper discusses the overview of practices being used in Indian Construction Industry‚ one of the fastest growing
Premium Construction Infrastructure Government of India
CONSTRUCTION MANAGEMENT 4 MANAGE THE PLANNING OF WORK METHODS‚ RESOURCES & SYSTEMS TO MEET CONTRACT REQUIREMENTS MANAGE THE PLANNING OF WORK METHODS‚ RESOURCES & SYSTEMS TO MEET CONTRACT REQUIREMENTS Objective1 Manage the evaluation & selection of construction methods Objective 2 Manage the planning of work activities & resources to meet contract requirements Objective 3 Manage the selection & formation of contract team Objective 4 Manage the operations of organisation & communication system
Premium Management Contract Project management
II. Statement of the Problem • State the problems facing the manager/key person The manager Joe of Project Scheduling at Blanque Cheque Construction (B) is facing late competition of his first project due to schedule slipping and unforeseen circumstances and it can be damaging to his career due to serious consequences and other penalties. • Identify and link the symptoms and root causes of the problems. Upon analyzing this case I identify the warning sign of schedule slipping. The manager
Premium Term Time Problem solving