What is the effect of “beneficial use” on the foregoing list of contract requirement?

Q: By virtue of Section 14 of the Contract Act 1950, highlight the situation where a contract could be…

A:

Q: True or false? Under the Partnering concept, all differences are intended to be resolved at the…

A: Given statement: Under the Partnering concept, all differences are intended to be resolved at the…

Q: What are the three major types of construction bonds? Whyare they required? Name three items that…

A: Construction bonds is a surety bond which is signed between developer firm and contractor firm. It…

Q: How can Some of the risks be transferred to others by contract?

A: The risk management technique in which the risk in a contract for project is transferred from one to…

Q: What are claims and disputs?

A: Claim:

Q: What steps must be taken to set up a partnership? How cana partnership be dissolved?

A: A general partnership does not require any official documents to set up. It can be as simple as an…

Q: What are the four principal methods available for the resolution of construction claims?

A: The four principal methods for the resolution of construction claims are given as following:

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: Jéan has asked that you explain the whole idea of construction lien to him in plain language, and if…

A: Jéan has requested you to explain the concept of a construction lien to him in layman's terms, as…

Q: How can a project become involved in litigation?

A: Litigation is the mechanism through which a lawsuit is taken to trial. The legal cycle is usually…

Q: When an agreement fails to qualify as an enforceable contract, but one of the parties breaches the…

A: Answer Option (c)  may sue for reformation     is correct . Explanation is given in next step.

Q: What is the cost Reimbursable contract?

A: A constructional contract is defined as an agreement between two parties in which general and…

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…

Q: On the typical project, which are the twoprime contracts made with the owner?

A: On the typical project, usually there are two different prime contracts signed with the owner.

Q: What are the different types of business disputes?

A: When a dispute occurs within a business is called as business dispute. The business dispute should…

Q: When a claim or dispute arises, what steps should be taken by the contractor?

A: In the construction project, the dispute arises due to disagreements between the parties on a…

Q: Where a contract document lists an order of precedence,what effect does that provision have on…

A: An order of precedence is listed to resolve any disputes that arise from the conflicts between the…

Q: The following data are obtained from a liquid limit test. Draw the flow curve and determine LL value…

A: Draw the Flow curve and Liquid Limit value of the soil ?

Q: Define the term Arbitration?

A: In a construction project dispute arises when parties disagree to each other at any point in…

Q: What is the difference between the Public contracts and the Private contracts?

A: Public contract is a contract to undertake a specific task which is financed by government funds to…

Q: Liquidated damages are intended to represent anticipated losses to the owner based upon…

A: Liquidated damages are shown in specific legal contracts as an evaluation of losses to one of the…

Q: Contractor A fails to complete the contracted Work for a project based on the contract drawings and…

A:

Q: how is quality measured in real estate?

A: In real estate, quality refers to the degree of excellence or fitness for purpose in the design,…

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: a) What is Bidding? b) Scope of the Manual of Procedure for the Procurement of Goods c) What is…

A: Four subparts are in the question.

Q: Discuss the effect of supervening impossibly. On the performance of a contract.

A: Supervening impossibility, often referred to as supervening events or the concept of frustration, is…

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: What is the responsibility of real estate personnel to access, read, interpret and apply legislation…

A: ACCESS THE LEGISLATION : 1. Federal (Federal Register of Legislation) process: open…

Q: Does the contractor have to accept partial possession?

A: The partial passion usually needs the approval of the contractor and provides the owner to use part…

Q: What are the benefits of the Changed Conditions Clause used by the Owner?

A: The Changed Conditions Clause is the most common and effective clause used in any construction…

Q: When do the courts enforce liquidated damages?

A: Liquidated damages are given in specific legal contracts as an evaluation of losses to one of the…

Q: Define the term Instant contract savings?

A: Instant contract saving:

Q: Who provides performance and payment bonds?

A: For several construction projects a payment bond is needed.

Q: The contract definition

A: Solution: The correct option to above given question is option C.

Q: What is Bidder Prequalification?

A: Bidder Prequalification:

Q: Under which conventional contract is the Representative involved?

A: The Representative is involved in the traditional procurement route contract which is commonly…

Q: Why is there a need for a statement of the prospective bidder of all its ongoing government and…

A: Solution: There is the need for the statement as:

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.