Insurance against Injury under FIDIC 1999 vs 2017 explained: scope, coverage, exclusions & key differences for third-party liability insurance.
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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.
Clause 18.2 Insurance for Works and Contractor’s Equipment Read More »
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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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.
Mastering the Art of Negotiation in Construction Contracts Read More »
A Breach of Contract represents a failure to fulfill one’s obligations as defined in the contract. These breaches can vary significantly in their nature and severity, and understanding the different types is crucial for effective contract management and legal recourse.
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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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FIDIC Breach of Contract explained—key clauses, notices, LDs, DAAB, and step-by-step workflows to manage risk and remedies on Red Book projects.
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FIDIC Breach of Contract: Clauses, Remedies & Workflow Read More »
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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Liquidated Damages/Delay Damages: A Deep Dive into FIDIC’s Clause 8.7 Read More »
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].
Dodge Conflict: Navigate Contract Termination Settlements Like a Pro Read More »
Clause 14.15 in the FIDIC Yellow Book 1999 addresses the currencies in which payments under the contract are to be made.
Understanding Clause 14.15: Navigating Multi-Currency Payments in FIDIC Contracts Read More »
Sub-Clause 14.14 in FIDIC Yellow Book explains how to preserve claims & when Employer’s liability ends. Don’t miss key deadlines or risk losing entitlement!
Sub-Clause 14.14 – FIDIC Yellow Book Guide to Employer’s Liability Read More »
Clause 14.13 FIDIC explained with side-by-side comparison, checklists, sample letters & best practices for Final Payment Certificates in 1999 & 2017 Yellow Books.
Clause 14.13 FIDIC: Final Payment Certificate Explained for Yellow Book 1999 vs 2017 Read More »
FIDIC Clause 14.12 Discharge explained with checklists, sample letters, FAQ, and 1999 vs 2017 comparison. A must-read for contract close-out clarity!
FIDIC Clause 14.12 Discharge: Full Guide with Letters & FAQs Read More »
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.
Clause 14.10 Statement at Completion explained: Secure payments, preserve claims, and avoid disputes under FIDIC Yellow Book 1999 and 2017 editions.
Clause 14.10 Statement at Completion – FIDIC Yellow Book 1999 vs 2017 🔍 Read More »
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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![Sub-Clause 14.7 ["Payment"]](https://wisdomwaveshub.com/wp-content/uploads/2023/11/image-26-1024x729.png)
Clause 14.8 addresses the consequences faced by the Employer if they fail to make timely payments to the Contractor as per the terms outlined in Sub-Clause 14.7 ["Payment"]. This clause is crucial in safeguarding the Contractor's financial interests.
Clause 14.8 – What happens if the Payments are Delayed Read More »
Clause 14.6 – Interim Payment Certificate under FIDIC demystified! Learn its purpose, process, risks, disputes & tips to optimize project cash flow.
Clause 14.6 – Interim Payment Certificate Explained FIDIC Read More »
In the intricate web of FIDIC Yellow Book 1999, Clause 14.5 - Plant and Materials intended for the Works unveils a nuanced mechanism for handling materials destined for incorporation into the Permanent Works. This clause introduces a structured process within the payment certification framework, ensuring transparency and accountability in managing these crucial elements.
Deep Dive into Clause 14.5 Plant and Materials intended for the Works Read More »
In the intricate tapestry of FIDIC Yellow Book 1999, Clause 14.4 - Schedule of Payments unveils a structured framework for managing the flow of financial transactions within the contractual landscape.
Schedule of Payments – Understanding Clause 14.4 [of FIDIC Yellow Book 1999] Read More »
