Contract Risk Register identifies relevant risks associated with the project and outlines actions that must be taken to mitigate or avoid these risks.
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How to Build a Contract Risk Register for FIDIC Emerald Book Projects Read More »
Clause 4.4 (Subcontractors) in the FIDIC Yellow Book 2017 regulates the Contractor’s ability to subcontract work and establishes clear responsibilities and approval mechanisms.
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Clause 4.4: Subcontractors (FIDIC Yellow Book 2017) – Full Analysis Read More »
This clause ensures that the Employer provides the Contractor unimpeded access to the project site within the contractually agreed-upon timeframe.
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Right of Access to the Site: FIDIC Clause 2.1 Explained Read More »
The magic lies in a Procurement Quality Management Plan (PQMP)—a blueprint that harmonizes contracts, international standards, and meticulous processes.
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A termination agreement letter under the FIDIC Conditions of Contract is a formal document that communicates one party’s intention to terminate the contract due to specific reasons outlined in the contract terms.
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Understanding FIDIC Contract Termination Agreement Letter Read More »
Explore the critical differences between a Letter of Intent (LOI), Letter of Acceptance (LOA), and Contract Agreement in procurement. Learn how each document plays a unique role in formalizing business deals and navigating procurement processes.
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Explore how advanced construction contracts like Cost Sharing, Fixed Price Redetermination, and Incentive Contracts can optimize project outcomes. Learn how these contracts drive collaboration, reduce financial risk, and incentivize high performance in construction management.
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This article explores three advanced construction contract types—Cost Plus, Negotiated, and Build-Operate-Transfer (BOT)—highlighting their unique advantages, risks, and use cases.
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Exploring Advanced Construction Contracts – Cost Plus, Negotiated, and BOT Contracts Read More »
Explore the essential differences between Cost-Plus and Lump-Sum Turnkey contracts in construction. Learn about their unique benefits, challenges, and how they impact budgeting, project management, and quality control.
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Cost-Plus and Lump-Sum Turnkey Contracts: How to Choose the Best Option for Your Project Read More »
Learn the fundamentals of lump-sum and reimbursable design-build contracts, their benefits, challenges, and the impact of price adjustment clauses. This guide helps you navigate construction contract choices for successful project outcomes.
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Mastering Construction Contracts – Lump-Sum & Reimbursable Design-Build Contracts Read More »
This article provides a comprehensive guide to INCO Terms in international trade, explaining key terms like EXW, FOB, CIF, and DDP. It details how these terms define responsibilities, costs, and risks for buyers and sellers, streamlining logistics and risk management. Learn how choosing the right INCO Term can enhance trade efficiency, reduce misunderstandings, and support stronger global partnerships. 🌍🚢✈️
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🌍 Understanding INCO Terms in International Trade 🚢✈️🚛 Read More »
Unlock the secrets of FIDIC Contracts with our comprehensive guide to document precedence and tendering requirements. Ideal for construction professionals, engineers, and project managers. Discover key insights into FIDIC's Red, Yellow, Silver, and Gold books, and learn how to prepare winning tenders with our expert analysis.
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Tendering Requirements Under FIDIC: Ultimate Guide to Contract Success📜🏗️ Read More »
Explore the intricacies of procurement with our comprehensive guide on LOI, LOA, and Contract Agreements in International Competitive Bidding.
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Letter of Intent(LOI), Letter of Agreement(LOA) and Contract Agreement Read More »
Unlock the secrets of the FIDIC Golden Principles with Growth Mindset Company. Explore our in-depth guides and tips on navigating construction contracts for project success. Master FIDIC contracts and elevate your project management skills with our expert insights.
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FIDIC Golden Principles: Building Fair & Balanced Contracts Worldwide Read More »
A breach of contract in general terms occurs when one party to a legally binding agreement fails to fulfill their obligations as stipulated in the contract. This failure can manifest in various forms, such as not performing as agreed, not performing on time, or not performing at all. Breaches can be categorized into material or fundamental breaches, minor or partial breaches, and anticipatory breaches.
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Understanding Breach of Contract in FIDIC Agreements: Key Clauses & Implications Read More »
Clause 15.3 ensures that, upon termination of the contract by the Employer, the Contractor is fairly compensated for the work done and materials provided up to that point. This clause safeguards the financial interests of the Contractor, ensuring they are not left uncompensated for their contributions if the contract is terminated.
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Clause 15.3: Ensuring Fair Valuation in Contract Termination Read More »
