Legal Framework

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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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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Clause 14.8 – What happens if the Payments are Delayed

Sub-Clause 14.7 ["Payment"]

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.

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“Mastering the FIDIC Yellow Book 1999: Clause 13.0 VARIATIONS AND ADJUSTMENTS”

Variation Clause 13

Welcome to this comprehensive guide on understanding variations in construction projects. As per the FIDIC Yellow Book, 1999, if you're new to the world of construction contracts, don't worry. I'll break down each step in a way that's easy to grasp.

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Comprehensive Analysis of Clause 16.3 Cessation of Work and Removal of Contractor’s Equipment

lause 16.3 Cessation of Work and Removal of Contractor's Equipment

The clause outlines the conditions under which work can be ceased and the procedures for removing equipment. Failure to adhere to the stipulations of this clause can lead to legal repercussions, including penalties and potential termination of the contract.

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FIDIC Sub-Clause 20.4 vs Sub-Clause 21.4 (Yellow Book 1999 vs 2017): Detailed DAAB Procedure & Compliance Guide

Here’s a deep-dive comparison of Clause 20.4 from the FIDIC Yellow Book 1999 and Sub-Clause 21.4 from the 2017 Edition, both dealing with how a party can obtain a decision from the Dispute Adjudication/Avoidance Board (DAB/DAAB). Let’s unpack this in a lively, comprehensive, and super-detailed way.

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