Construction contract is often known as an advanced form of contract. (a) Give an account with examples

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Construction contract is often known as an advanced form of contract.

(a) Give an account with examples to the purposes of these advance features.

(b) Describe the advance features under -

i. Standard Form of Building Contract;

ii. New Engineering Contract

(c) From your own analysis, discuss the strengths and weaknesses of the advance features discussed under (b) and grade the advancements in your terms.

Posted Date: May 13, 2024 07:20 AM

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Construction contract is often known as an advanced form of contract. (a) Give an account with examples

Question:

Expert Answer:

a Advanced features in construction contracts serve various purposes aimed at improving efficiency reducing disputes allocating risks and promoting fair and transparent relationships between parties H... View the full answer

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