Forensic Claims Analysis Member for 19 years 10 months Member for 19 years 10 months Submitted by Mike Testro on Sat, 2011-07-09 05:55 Permalink Hi Jiahd The extension of Hi Jiahd The extension of time clause is to protect the employers nright to take Liquidated damages. If there is no Extension of Time clause it is good news for the contractor because if the employer delays the work he loses his right to LD's. This is just one example of why it is important to know a bit about construction law before reviewing a contract document. Best regards Mike Testro Member for 15 years 1 month Member for 15 years 1 month Submitted by jihadsof on Tue, 2011-07-05 06:48 Permalink Dear Mike Thank you for your Dear Mike Thank you for your answer About the question, in general if the contractor didn't find anything about extention of time in the contract, it will be sign to the contractor that the contract will be dangerous Best Regrads Member for 19 years 10 months Member for 19 years 10 months Submitted by Mike Testro on Mon, 2011-07-04 16:10 Permalink Hi Jiahd A contract document Hi Jiahd A contract document is a statement of how the inherent risks are to be shared between the contracting parties. A good starting point would be to look at the explanation sections of the standard Fidic suite of contracts. All the published forms are risk neutral but employers often try to skew things in their favour and put more risks on the contractor. It doesn't always work. You have to have a lot of experience in contract management before you can review a contract. For instance if you read a contract where the Extension of Time Clause had been deleted would that be good or bad for the contractor? Have a think about it and come back with an answer. (Please all you PP experts - let Jiahd answer this one - any hints and I will delete it OK) Best regards Mike Testro Member for 15 years 1 month Member for 15 years 1 month Submitted by jihadsof on Sun, 2011-07-03 18:47 Permalink yes, actual contract yes, actual contract docmunet i need headline about the subect, artical, book anything can i depen on it please advice Member for 19 years 10 months Member for 19 years 10 months Submitted by Mike Testro on Fri, 2011-07-01 18:31 Permalink Hi Jiahd Are you talking Hi Jiahd Are you talking about the actual contract document? If so there are as many versions as there are projects so your question is very difficult. Best regards Mike Testro Log in or register to post comments
Member for 19 years 10 months Member for 19 years 10 months Submitted by Mike Testro on Sat, 2011-07-09 05:55 Permalink Hi Jiahd The extension of Hi Jiahd The extension of time clause is to protect the employers nright to take Liquidated damages. If there is no Extension of Time clause it is good news for the contractor because if the employer delays the work he loses his right to LD's. This is just one example of why it is important to know a bit about construction law before reviewing a contract document. Best regards Mike Testro
Member for 15 years 1 month Member for 15 years 1 month Submitted by jihadsof on Tue, 2011-07-05 06:48 Permalink Dear Mike Thank you for your Dear Mike Thank you for your answer About the question, in general if the contractor didn't find anything about extention of time in the contract, it will be sign to the contractor that the contract will be dangerous Best Regrads
Member for 19 years 10 months Member for 19 years 10 months Submitted by Mike Testro on Mon, 2011-07-04 16:10 Permalink Hi Jiahd A contract document Hi Jiahd A contract document is a statement of how the inherent risks are to be shared between the contracting parties. A good starting point would be to look at the explanation sections of the standard Fidic suite of contracts. All the published forms are risk neutral but employers often try to skew things in their favour and put more risks on the contractor. It doesn't always work. You have to have a lot of experience in contract management before you can review a contract. For instance if you read a contract where the Extension of Time Clause had been deleted would that be good or bad for the contractor? Have a think about it and come back with an answer. (Please all you PP experts - let Jiahd answer this one - any hints and I will delete it OK) Best regards Mike Testro
Member for 15 years 1 month Member for 15 years 1 month Submitted by jihadsof on Sun, 2011-07-03 18:47 Permalink yes, actual contract yes, actual contract docmunet i need headline about the subect, artical, book anything can i depen on it please advice
Member for 19 years 10 months Member for 19 years 10 months Submitted by Mike Testro on Fri, 2011-07-01 18:31 Permalink Hi Jiahd Are you talking Hi Jiahd Are you talking about the actual contract document? If so there are as many versions as there are projects so your question is very difficult. Best regards Mike Testro
Member for
19 years 10 monthsHi Jiahd The extension of
Hi Jiahd
The extension of time clause is to protect the employers nright to take Liquidated damages.
If there is no Extension of Time clause it is good news for the contractor because if the employer delays the work he loses his right to LD's.
This is just one example of why it is important to know a bit about construction law before reviewing a contract document.
Best regards
Mike Testro
Member for
15 years 1 monthDear Mike Thank you for your
Dear Mike
Thank you for your answer
About the question, in general if the contractor didn't find anything about extention of time in the contract, it will be sign to the contractor that the contract will be dangerous
Best Regrads
Member for
19 years 10 monthsHi Jiahd A contract document
Hi Jiahd
A contract document is a statement of how the inherent risks are to be shared between the contracting parties.
A good starting point would be to look at the explanation sections of the standard Fidic suite of contracts.
All the published forms are risk neutral but employers often try to skew things in their favour and put more risks on the contractor.
It doesn't always work.
You have to have a lot of experience in contract management before you can review a contract.
For instance if you read a contract where the Extension of Time Clause had been deleted would that be good or bad for the contractor?
Have a think about it and come back with an answer.
(Please all you PP experts - let Jiahd answer this one - any hints and I will delete it OK)
Best regards
Mike Testro
Member for
15 years 1 monthyes, actual contract
yes, actual contract docmunet
i need headline about the subect, artical, book anything can i depen on it
please advice
Member for
19 years 10 monthsHi Jiahd Are you talking
Hi Jiahd
Are you talking about the actual contract document?
If so there are as many versions as there are projects so your question is very difficult.
Best regards
Mike Testro