Dispute resolution is the process through which parties involved in a contract, seek a solution on a claim that one party has made against the other.
section 4D5
One common option is a performance bond so that money can be claimed from a guarantor bank at short notice, often simply on-demand.
If there is a dispute during construction, the first person to be approached as the Mediator is usually the Contract Administrator.
Winter weather should not justify an extension of time as it is a predictable element during construction that lasts long enough to go through it.
An extension of time would be justifiable for anything that is classed as unforeseeable and that the contractor would have been able to deal with it without any delay had it been an obvious issue.
A contract can only be extended by a request for an extension of time from the contractor, if he believes that he will not be able to meet the agreed Practical Completion date.
An extension of time (EOT) is a provision in most standard forms of contract, for an amendment of the scheduled Practical Completion date due to unforeseen circumstances.
Dispute resolution is the process through which parties involved in a contract, seek a solution on a claim that one party has made against the other.
For the client to terminate the contract, there needs to be a breach of contract from the Contractor’s side which could be based on any of the following:
Contract termination is a process that needs to be used as a very last result and after careful consideration of what constitutes a valid basis for it.
Contract termination can occur on the basis of any of the following instances: Performance/Completion, Breach of contract, Mutual / Prior agreement, Frustration / Rescission, Impossibility of Performance, Insolvency / Bankruptcy.