📍 Main Focus:
This chapter reviews the legal and contractual framework governing the relationship between the Owner and the Contractor.
It aims to familiarize the reader with the different types of contracts
and how to choose the most suitable one for each project.
📄 Key Topics Covered in this Chapter:
Types of Construction Contracts: A detailed explanation of the contract types used in projects, along with an analysis of the advantages and disadvantages of each type. These include:
Lump Sum Contracts.
Unit Price Contracts.
Cost Plus Contracts.
Design-Build Contracts.
Contract Documents: Explains the essential components of any construction contract, such as:
Specifications.
General and Special Conditions.
Drawings and Bill of Quantities (BOQ).
Contract Terms and Basis of Dealings: Discusses the legal conditions governing the relationship between parties, mechanisms for handing over and receiving work, and warranties.
Claims and Change Orders: Addresses how to manage changes in the scope of work and the resulting financial claims.
Dispute Resolution: Reviews mechanisms for resolving disputes that may arise during execution, such as arbitration (which is related to the FIDIC contracts that the book refers to as an important reference).
🎯 Objective of the Chapter:
To equip the reader with the necessary knowledge to select the appropriate contract
and understand the financial and legal implications of each type, in
order to ensure the smooth progress of the project and avoid disputes.
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