Construction

Letter of Intent, Letter of Acceptance, Memorandum of Understanding & Contract Agreement Explained

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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Mastering Construction Contracts – Lump-Sum & Reimbursable Design-Build Contracts

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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FIDIC Golden Principles: Building Fair & Balanced Contracts Worldwide

Golden Principles

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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Clause 15.3: Ensuring Fair Valuation in Contract Termination

Clause 15.3: Ensuring Fair Valuation in Contract Termination

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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