According to Contract Act (1950), there are seven (7) essential elements to the creation of a valid contract. Discuss any FIVE (5) elements of contract in construction contracts below: i) Offer and Acceptance ii) Intention to create legal relation iii) Consideration iv) Certainty of terms v) Capacity vi) Free consent

Q: 15. ___________contracts, ______________________. contracts, and ______________________contracts are…

A: After bidding process Owner and contractor signs- Agreement of construction Performance bond…

Q: What is lump sum contract?

A: The lump sum contract is the traditional method of contracting in which the contractors are required…

Q: What is the difference between a typical contract and an engineering contract? Explain.

A:

Q: Typical standard form of contract enables the contract administrator to approve the extensions of…

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Q: ct forms: NEC, FIDIC, GCC and JBCC

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Q: What are some common factors that affect the performance of contracts?

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Q: A change order is a written amendment to the contract signed by the Owner and the Contractor stating…

A: Brief concept introduction- Contract- A contract is an agreement between parties that establishes…

Q: How is a contract executed?

A: An executed contract can be defined as an agreement that has been signed by all the concerned…

Q: What is the effect of “beneficial use” on the foregoing list of contract requirements?

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Q: What are the several factors to chose a contract?

A: A contract is a legally enforceable file that identifies and regulates the rights and…

Q: Write the advantages and disadvantages of the design-build contract?

A: The design-build contract is a type of contract in which the contractor has the sole responsibility…

Q: Why use standard forms of contract?

A: Standard contracting forms have a whole host of benefits:

Q: Name the four of the principal types of contractual relationships frequently encountered in…

A: Following are the four principal types of construction contracts: 1) Lump Sum Construction Contract:…

Q: Determine the criteria for the selection of a contract. Time  Cost  Quality  Risk

A: Brief concept introduction- Contract- A contract is an agreement between two parties that is…

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A: Solution :  1. In the case of Construction Manager At Risk contract format (CMAR), the construction…

Q: How can the differences between the parties affect contract cost or time required to complete the…

A: Several differences can occur between parties in an ongoing project that may lead to disputes and…

Q: 1. Explain the following points based on Ethiopian Federal Government Procurement and Property…

A: Note: The following procedure and condition of application for each part are provided from…

Q: Define the term Arbitration?

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Q: ivil Engineering Law) I. Define the following: a.) What are the essential elements of a contract?…

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Q: When do most disputes in construction contracts occur?

A: When a construction dispute occurs, the contracting parties may wonder which is the best course of…

Q: what are the advantages and disadvantages of the four basic contract types? -lump sum,…

A: Lump Sum Contracts Despite the fact that the owner benefits from streamlined accounting and less…

Q: what grounds and to what extent could damages be claimed in a contract?

A: Contract- It is defined as a legally binding document entered by two or more parties with certain…

Q: Which of the following statements are valid reasons for the owner to terminate the work for cause?…

A: There are different reasons for an owner to terminate a construction contract for cause. The owner…

Q: q1) a. Explain the statement: Documents for construction contracts are not always the same as…

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Q: Choice 1 Extreme ease of use Choice 2 Designer preference Choice 3 Project owners requiring it…

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Q: What is a contract? What are the different types of civil engineering contract? State the…

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Q: What is the difference between contract and agreement?

A: When two people or party agrees to some points and they pen it down for future reference is called…

Q: Describe the process regarding the 6 phases of a construction project 1.Study and report phase…

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Q: What types of relationships are intended to be established under a Partnering agreement?

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Q: Help me define the following terms using only the PICE Manual as your reference. 1. Contract 2.…

A: 1. Contract: A contract is a legally binding agreement that creates, defines, and governs the same…

Q: Tendering process - Differentiate between two major tendering processes in term of (identification,…

A: Two major types of tendering process are as follows :-  Open Tendering Selective Tendering

Q: Why are monthly reports of Contract Performance important?

A: The report that provides cost of contract and its total schedule and its performance data to…

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Q: What are the rights of all the parties in construction operations?

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Q: What is the order of Precedence of contract documents?

A: Construction contracts are also very broad and contain a lot of different number of documents such…

Q: 9. Name the five principles of contract administration?

A: contract administration five principles are as follows:

Types of Contracts

A verbal or written agreement between a person and a firm, for undertaking construction, material supply, maintenance, and repair work which is enforceable by law is termed as a contract. The person who undertakes the contract for execution of the work is termed as a contractor. The contracts are classified into different types depending on the nature of the contract.