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
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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
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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
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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
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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
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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
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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
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Abstract We have to complete an assignment for our Construction Technology about green building. Our lecturer‚ IR Han had also held an visit programme to one of the green building that located at Putrajaya which is Diamond Building to help us in obtaining more information for this assignment. Our assignment had inserted these information that we obtained from the visit to Diamond Building and also some other green buildings around the world. In the introduction part we can see that green
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1.0 The issue Defined 1.1 General Background Back in the day before there were computers the whole construction process was done by pen and paper from the bidding process to the actual drawings themselves. Since the innovation of the computer and interactive software these processes have gotten much more efficient. There have been many programs that ease the construction process. Such programs include‚ drawing software (AutoCad)‚ spreadsheet software (Microsoft Excel)‚ programs to assist with
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Health and Safety Measures Construction safety net also called scaffold net‚ debris net‚ safety net and so on. It is a safety device used to prevent injuries on or around a construction site. In the construction of multistory buildings it is necessary to install temporary vertical safety barriers at the edges of the various floors to prevent tools and construction materials such as rods‚ bricks‚ pipes and nails from falling from the floors and endangering people and property on underlying levels
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