Explore the key aspects of Clause 19.2 Force Majeure Notice in the FIDIC Yellow Book 1999. This guide clarifies the notification process, its impact on contractual duties, and addresses common misconceptions, ensuring a comprehensive understanding for contract professionals.
Master FIDIC Clause 19.2: Key to Force Majeure Clarity Read More »
Dive into the details of Clause 19.1 Force Majeure in the FIDIC Yellow Book 1999. This essential guide clarifies the definition, criteria, and application of this crucial clause, helping professionals effectively manage unforeseen events in construction contracts.
Force Majeure Mastery: Guide to FIDIC Clause 19.1 Read More »
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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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.
Breach of Contract Types 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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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.
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 »
