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
BUILDING CONSTRUCTION TECHNOLOGY Task-1 1.1 Explain the quality control testing before you allow starting the concreting work for the foundation‚ columns‚ slab and beams. There are two main tests to be done on concrete The slump test: the slump test shows the workability of concrete. The compression test: the compression test shows the best possible strength Concrete can reach in perfect conditions. Testing should always be done carefully. Wrong test results can be costly. SAMPLING The first step
Premium Concrete Construction
CoNSTRUtTiON PPE PPE: Helping Protect Empleyees frem Construction jobsites can be dangerous places to work. There often are many activities going on at the same time‚ with various trades working side by side. Work can be done below-grade in excavations‚ above-grade on scaffolding and in scissor hfts and on the ground with forklifts and other heavy equipment. BY MARK STROMMr A ll of the activity above‚ below and on the ground at a construction worksite can create hazards for your employees and
Premium Personal protective equipment Employment Protection
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
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
KETAN CONSTRUCTION LIMITED Short-term bank loans / facilities Long-term bank loans / facilities PR 3 CARE BBB Ratings CARE has assigned ‘CARE BBB’ (Triple B) rating to long-term bank facilities and PR3 (PR Three) rating to short-term bank facilities of Ketan Construction Limited (KCL) for an aggregate amount of Rs.174.81 crore‚ including outstanding working capital demand loan as on May 15‚ 2009 of Rs.11.81 crore‚ sanctioned fund based working capital limits of Rs.23.00 crore and sanctioned non
Premium Construction Credit rating Financial ratios
codes and safety purpose. Building codes act an important role in construction and design phase. In the past‚ most building codes and standards have used prescriptive (or compliance) criteria. In recent years‚ there has been strong interest worldwide in developing codes and standards that are more performance based ( Foliente‚ 2000). The purpose of building codes are to increase safety in the design of the project and its construction. For example‚ according to the 2010 California Building Code‚ the
Premium Building Construction Occupational safety and health