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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Financial Risks in Construction Discuss financial risks in construction‚ highlighting historical background‚ current issues/practices and implications/relevance to construction project management generally and specifically to construction project planning and control‚ feasibility study and appraisal‚ and financing. 1.0 Definitions i. The Project Management Institute‟s (PMI) A Guide to the Project Management Body of Knowledge (PMI 2008) defines project risk as: An uncertain event or condition that
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Contract to be employed by the Contractor for the execution of work or supply of goods materials or services for which a Prime Cost has been inserted in the Contract. a) The following provisions shall apply where P.C Sums are included in the Contract Bills or the results of given in regard to the expenditure of Provisional Sums in respect of a Person to be nominated by the Architect to supply and fix materials and goods or to execute work. b) If any alternative design to the sub-contract drawings
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in the construction industry in China Nowadays‚ construction industry in China is experiencing a fast development and an abundance of skilled workers are needed to meet such development need. However‚ the situation in China is unsatisfactory. Because of the huge number of the workers involved and mobility of the workforce‚ it is difficult to ensure the professional quality of workers. Most of them are poorly trained‚ which may give birth to many problems such as poor quality of the project‚ delay
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“The management of construction projects requires a good understanding and correct application of organisational theories”. The study and management of construction projects embraces a variety of organisational aspects. Its complexity encompasses the behaviour of people‚ a range of internal and external processes and interactions with the environment of which the organisation is part. Nevertheless the following work is concerned with an overall managerial approach to organisational theory and
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suing Borinstein over a dispute that erupted over payments on a construction project that were not received; on a project Slavin was building for Borinstein. Borinstein and her people agreed to pay Slavin 10 percent of the cost on a house they wanted to build in Los Angles. They would make the payments in installments. Slavin began to not receive payment for the appellant; then Borinstein’s lawyer tried to modify the contract mid project‚ therefore trying to reduce the amount owed to Slavin. The two
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Building Construction Progress I am most interested in the career‚ Building Construction Technology. To be successful in this career you need excellent organization skills. You also need to be mathematically inclined. You should also have the skills and abilities to work with others and be able to compromise and negotiate. You must be able to use your time wisely and be a problem solver. Personally I believe that I possess most of these skills and abilities. I am pretty good with mathematics
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Good morning/afternoon Mrs Morgan and fellow class members. Good poetry makes you think and feel about issues and ideas raised by the poet. Judith Beveridge explores the beauty of nature and man’s relationship to it. Judith Beveridge shows the cruelty of humans towards animals and nature in her poems. The first poem I have chosen to talk about is “The Shark”. This poem is about a bunch of fishermen on a boat‚ who catch a shark and later discover that the shark has eaten a young boy. “The
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Women on the verge of a nervous breakdown – A Review ‘Women on the verge of a nervous breakdown’ is a Spanish film directed by Pedro Almodovar ‚ starring Carmen Maura and Antonio Bendaras . This film was filmed in 1988 and was close to winning an Oscar for best foreign language film. Its actual title is “un ataque de nervios" which can be literally translated into the English title as given above. The film is about Pepa Marcos‚ a TV actress‚ who is depressed because her boyfriend Ivan has recently
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Construction and the Environment Assignment One The year 1992 and the Earth Summit ’ in Rio de Janeiro marked a paradigm shift in the attitude of the governments of the world‚ as over 150 delegates attended and recognised the importance of ecological issues to the future of humanity. This was of great significance to the construction industry‚ as one of the greatest consumers‚ and producers‚ of our economic system. Construction accounts for 40% of the total flow of raw materials into
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