Why is it critical for a prospective construction project manager to grasp the terms and conditions included in contracts and specifications? Give at least one rationale. Justify your response.

Q: What are the duties of sub contractor?

A: In certain instances, subcontractors could be an entity, they really aren't called any contractor's…

Q: Many contracts require that the contractor prepare and present the construction schedule and receive…

A: the owner of the project typically wants to ensure that the project is completed on time and within…

Q: Construction Management

A: In construction projects, a plan is a detailed blueprint or scheme for achieving a specific goal,…

Q: What are the responsibilities of all the parties in construction operation project?

A: 'Construction operation' refers to any activity that commits to the construction project delivery.…

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.