It is the process of adjustment of the tender price before final tender submission. Normally tender adjudication is happening in a meeting with company top management. After preparation of the basic tender estimation, top management take decisions about Overhead and profit relat…
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There are many standard contract forms using in construction industry like FIDIC, JCT, ICE conditions of contracts and etc which may change from country to country and project to project. There are many advantages of using standard contract forms for both the contractor and Employer…
Time is of the essence meant, a specific work should be completed on time as agreed previously. Therefore no extension of time is available in case of time is of the essence. In generally construction projects are not time is of the essence because projects can get delay due to Em…
Time at large is an arguement, brought by the Contractor not to apply liquedated damages. Time at large situation happens when the time for completion is not mentioned in the contract or time for completion clause is no more valid. There are some major situations in the constru…
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