what are the legal issues of using BrIM as contract documents ?

Q: What are the contract modifications?

A: Contract is the agreement between two persons or two parties. one party will be a buyer or one buyer…

Q: How is Standard Builder's Risk Insurance important?

A: In construction projects, builder's risk insurance is a type of property insurance that covers the…

Q: What is the role of a gateway person in contract administration?

A: The role of a gateway person in contract administration is crucial. They act as the main point of…

Q: Why use standard forms of contract?

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

Q: Why is cost plus a percentage of cost type of contract notused to a great extent?

A: A cost-plus contract is an agreement to a company for the expenses that acquired a specific amount…

Q: What is the unconditional waiver?

A: The waiver of lien is a document from which is signed by a material supplier, subcontractor,…

Q: What is conditional waiver?

A: The lien waiver is a legal document that is executed when a person wants to give up their right to…

Q: What is a written contract?

A: - A Written Contract is a type of legal document which is a printed or manually written agreement…

Q: What makes a contract?

A: Contract is a legally bound agreement between two parties.

Q: Describe the term International Construction Contract?

A: International Construction contract is defined as the contract prepared for the international…

Q: What are the disadvantages of the written contracts?

A: Written contract: A written contract could be a written agreement between 2 parties, one a borrower…

Q: List and explain major elements of a Construction Contract in detail and briefly.

A: Brief concept- Contract- It is an agreement between two parties. A contract is to undertake any…

Q: What is Contract Mangement Life Cycle.

A: Contract management : The process of managing contracts is known as contract management. This covers…

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.