------------------------------------------------- ------------------------------------------------- TABLE OF CONTENTS PAGE 1 STANDARD OPERATING PROCEDURES (SOP) 2 1.1 Introduction 2 2 ROLE OF THE CONTRACT ADMINISTRATOR 3 2.1 Role and Responsibilities of the Contract Administrator 3 3 PAYMENT PROCESS 4 3.1 AS 4000 - 1997 4 3.2 JCC –C 1994 5 3.3 AS 2124 - 1997 5 4 THE PROCESS OF CASH FLOW IN THE CONSTRUCTION
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CONTRACT LAW – LECTURE 4 Promissory estoppel Is about the enforceability of all alteration promises (promises to pay more and promises to accept less) and by contrast estoppels does not apply to promises about the formation of initial contracts Ex. If a creditor promises to accept a smaller sum in full settlement intending the debtor to rely on that promise‚ and the debtor does rely on it‚ the debtor may have a defence of promissory estoppels when sued for the balance by the creditor. The promise
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Introduction A contract is formed when one of the parties has to accept an offer made by the other. Here‚ David places an advertisement in the local newspaper of a reward‚ £1000 for the safe return of each of his six cats. This shows he is making an offer to all the readers of the Daily Bungle. An offer is defined as follows: “An offer is a statement of the terms upon which the offeror is prepared to be bound if acceptance is communicated while the offer remains alive1.” The critical aspect of
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as cost of goods sold‚ the product or service required‚ milestones‚ insurance‚ and work completion deadlines. Unilateral Agreement A unilateral agreement or contract is a legal binding one in which one party undertakes a promise without securing a similar promise or undertaking from another party. A unilateral agreement is a one-sided contract between an offeror (or promisor) and an offeree (or promisee). The party making the promise in exchange for goods or service is the offeror. The party acting
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Adoption has many effects on families; identity formation is one the most important stages that a child has to form during the ages of adolescence. It is a lifelong process but it is mainly formed between the ages of 13 to 18. Forming an identity can be very difficult for an adopted child because leaving all the struggles that they will be already facing‚ the formation of identity will add another conflict in their lives. Parents can help adopted children by establishing a sense of identity and by
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FORMATION OF BLOOD CLOTS Definition • A blood clot is a mass of blood cells and blood components that form to stop the bleeding that occurs when a blood vessel is injured. When a blood vessel is broken‚ platelets in the blood become sticky and clump together at the site of the injury. They begin to form a mass to stop the flow of blood. Description • Clotting is the body’s normal response to a bleeding injury. It is a necessary function to prevent a person from losing too much blood
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Acceptance 3 2.2 Consideration 4 2.3 Discharge of contract 5 2.3.1 Discharge by Breach 5 2.3.2 Discharge by Performance 5 2.4 Remedies 6 2.4.1 Unliquidated Remedies 6 2.4.2 Injunction Remedies 6 2.5 Intention to Create Legal Relations 7 2.6 Free Consent 8 3.0 Conclusion……………………………………………………………………...9 4.0 References…………………………………………………………………….10 1.0 Introduction Contract is a customary of procedures guiding the relationship‚
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Student ID Number: Identification card number : Group : Lecturer’s name: The issue in this case deals with invatition to treat ‚ offer ‚ counter-offer ‚ conditional acceptance and acceptance . It also deals with the elements of valid contract. General rule for a binding contract is an offer and an acceptance of the proposal. There must be effective communication to the proposer. It is very important to differeciate a proposal from an invitation to treat. Invitation to treat is a stage of negotiation
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of Essential Elements of Contract Contract represents the instrument to enforce promises. Not all statements amount to enforceable promises or contracts. To enforce statements there are a number of elements which courts look for and these mainly include the presence of offer‚ its communication‚ its unconditional acceptance and communication of the acceptance. Once this has taken place then the element of consideration gives the badge of enforceability to the contract and the contract is then enforceable
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Construction Contracts 1. Name and briefly describe each of the two basic types of competitively bid construction contracts. Which type would be most likely used for building the piers to support a large suspension bridge. Why? Two basic types of competitively bid construction contracts are lump-sum and the unit-price contract. The lump-sum contract is when the contractor agrees to complete all work for a pre-determined price including profit and the contract. The unit-price contract is when the
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