What are the five principles of contract administration?

Q: What is the difference between a typical contract and an engineering contract? Explain.

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Q: What is the Litigation process?

A: Litigation is the process of arguing or engaging in legal action in court as a method of settling a…

Q: What are the three types of authority exercised in a construction contract?

A: A construction contract is defined as an agreement which legally bind the owner of the project and…

Q: Do the contractors have the right to file claims?

A: Yes, the contractors have the right to file claims.

Q: What are the three important Negotiation principles?

A: Generally, meaning of negotiation is to get what you want from others. Suppose in a business firm,…

Q: There are several types of construction contracts. However, often a standard form of contract is…

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Q: How is liens law beneficial for sub-contractor?

A: The liens law is a law that is used for protecting the rights of the professionals of getting paid…

Q: How is a contract executed?

A: An executed contract can be defined as an agreement that has been signed by all the concerned…

Q: What are the  five basic rules of contract interpretation that are important in construction…

A: Contract interpretation starts by seeking out the decisions parties made.

Q: What is the effect of “beneficial use” on the foregoing list of contract requirements?

A: Beneficial use of contracts is also called beneficial occupancy, it explains about the building…

Q: What does the negotiation involve?

A: A Negotiation could be a strategic discussion that resolves a difficulty during a method that each…

Q: . Describe the three types of authorities exercised in a construction contract?

A: Three types of authorities exercised in a construction contract are : 1.Actual Authority : It is…

Q: assess how time, cost and quality affect the selection of a contract

A: Estimation and Costing : The practice of estimating or assessing a number through the estimation,…

Q: Describe the management and Turnkey Contracts?

A: A Turnkey Contract is one under which the contractor is responsible for both the design and…

Q: Why use standard forms of contract?

A: Standard contracting forms have a whole host of benefits:

Q: Name the four of the principal types of contractual relationships frequently encountered in…

A: Following are the four principal types of construction contracts: 1) Lump Sum Construction Contract:…

Q: How can the differences between the parties affect contract cost or time required to complete the…

A: Several differences can occur between parties in an ongoing project that may lead to disputes and…

Q: What is the difference between the Public contracts and the Private contracts?

A: Public contract is a contract to undertake a specific task which is financed by government funds to…

Q: What are the general conditions of a contract?

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Q: What are the safety requirements in construction contract?

A: A construction contract is basically a legal agreement between two parties, which is recorded in the…

Q: what grounds and to what extent could damages be claimed in a contract?

A: Contract- It is defined as a legally binding document entered by two or more parties with certain…

Q: What are the main elements of a contract?

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Q: Under which conventional contract is the Representative involved?

A: The Representative is involved in the traditional procurement route contract which is commonly…

Q: What are the benefits of Employer Liability Insurance?

A: Employer Liability Insurance It is useful for a person/owner when one of his/her workers meets with…

Q: What is the role and obligation of the Employer's agent in the General Conditions of Contract…

A: Concept- General Conditions of Contract- A formal agreement between the buyer and the supplier, as…

Q: What is a written contract?

A: - A Written Contract is a type of legal document which is a printed or manually written agreement…

Q: What are some of the safety items that may be pertinent to the contract?

A: The Contractor will take all precautions of safety when executing the work assigned and will always…

Q: Differ between Assignment and sub contracting?

A: Subcontracting and assignment are two terms which are widely used in an construction project.  These…

Q: What is the effect of “beneficial use” on the foregoing list of contract requirement?

A: There are several effects of “beneficial use” on the foregoing list of contract some of them are…

Q: What types of relationships are intended to be established under a Partnering agreement?

A: When a mutually developed formal ideology of communication and accountability planned to increase…

Q: Describe the term “Order of Precedence of Contract Documents?

A: Construction contracts are a collection of various documents drawn up by various participants of…

Q: Where a contract document lists an order of precedence, what effect does that provision have on…

A: To determine the solution of disputes of field conflicts in the different parts of the contract…

Q: What is federal contract change?

A: - Federal contract is same as cooperative contracts in which government provide financial support…

Q: Is the written contract accurate?

A: A written contract is a printed agreement between two parties, one a borrower and one a lender. It…

Q: Outline the differences in project controls on parties' interests between the Standard Form of…

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Q: What are some methods that are used to monitor delay or disruption of a contract?

A: Answer:- Delay in contract:- Delay is one of most common problem in construction projects resulting…

Q: What is the other name for general conditions in construction contract?

A: General conditions are one that are not included once the project has been finalized in the  actual…

Q: Do the project records define contractual parameters within which the parties should function?

A: Let's first understand "what is project record" Managing project records is a crucial responsibility…

Q: . Name one set of circumstances where it is permissible in public contract to specify a sole source…

A: In a public work contract, the engineer or the architect capabilities to specialize only one brand…

Q: Under what conditions might an oral change order be valid and binding, even if the contract states…

A: A change order is a work that has been removed or attached to the original contract of work, but…

Q: What is the Contract Administrators/Employers Agent role under JCT?

A: The contract administrator is an expert in the construction industry who is employed by the owner to…

Q: What is the Breach of contract?

A: "Contract violation" is a legal term describing infringement of a contract or arrangement that…

Q: To what types of documents are the public works contracts used?

A: The public works contracts are the contracts for financial interest decided in writing between a…

Q: What is Open Shop Contracting?

A: Open Shop Contracting - Open shop contracting means a factory, office, or other business…

Q: What is necessary to form a contract?

A: These are the key elements of a contract: Contract Basics Agreements are lawful arrangements between…

Q: Explain the following terms in detail.  i) Contract ii) Types of Contracts

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Q: 9. Name the five principles of contract administration?

A: contract administration five principles are as follows:

Management levels

Management levels are the hierarchy of all the designations of people present in a construction company or construction project. For the proper execution of the project, all the components of a management hierarchy must work properly as per their responsibility. The main objective of creating management levels is that the whole work should be distributed in parts to the respective departments of specialization in that part.