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Clause 18.2 Insurance for Works and Contractor’s Equipment

Explore the intricacies of Clause 18.2 Insurance for Works and Contractor's Equipment in the FIDIC Yellow Book 1999. Our detailed guide provides insights into the insurance requirements, coverage scope, and the critical role of this clause in managing risks effectively in construction projects.

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Clause 18.1 General Requirements for Insurances

Dive into the intricacies of Clause 18.1 General Requirements for Insurances under the FIDIC Yellow Book 1999. This comprehensive guide elucidates the critical roles and responsibilities in managing insurance obligations in construction contracts, offering valuable insights for contractors and employers alike.

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Mastering the Art of Negotiation in Construction Contracts

Mastering the Art of Negotiation in Construction Contracts

Navigating the complex world of construction contracts is akin to mastering a strategic game where every move counts. These contracts are not just legal documents; they are the blueprints of trust, expectations, and responsibilities between parties involved in a construction project. In this section, we delve deeper into the fundamentals of construction contracts, highlighting their unique aspects in the construction industry.

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Breach of Contract definition

Breach of Contract

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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Liquidated Damages/Delay Damages: A Deep Dive into FIDIC’s Clause 8.7

In the realm of construction contracts, particularly under the FIDIC Yellow Book 1999, the concept of liquidated damages is pivotal. Clause 8.7, focusing on Delay Damages, is a key provision that governs the consequences of delayed project completion.

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Dodge Conflict: Navigate Contract Termination Settlements Like a Pro

Clause 15.4

Clause 15.4 in the FIDIC Yellow Book 1999 outlines the procedures and obligations regarding payments after the termination of a contract. This clause becomes relevant when a contract is terminated, particularly under the provisions of Sub-Clause 15.2 [Termination by Employer].

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Understanding Clause 14.11: The Ultimate Guide to Application for Final Payment Certificate

Clause 14.11

Our guide on ‘Clause 14.11: Application for Final Payment Certificate’ provides a detailed understanding of the process for final payment application, its review, and how disputes are resolved. Ideal for contractors and engineers navigating contract terms.

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Understanding Clause 14.9: Mastering Payment of Retention Money in Contracts

Understanding Clause 14.9: Mastering Payment of Retention Money in Contracts

Our comprehensive guide to understanding Clause 14.9 in contracts provides insights into the payment of retention money. Learn how this clause operates, its implications for contractors and clients, and its unique features compared to other payment clauses.

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