Quantum meruit meaning? “Quantum meruit” is a Latin phrase that means “as much as he has deserved.” A reasonable remuneration or compensation deserves work done by a person or organization based on a retroactive agreement called quantum meruit. Quantum meruit claims in the Construction industry What are these quantum meruit claims? When a contractor has executed aContinue reading “Why Quantum meruit claims are controversial in the industry?”
Tag Archives: Claims
Liquidated damages/Delay damages in construction
The short norm for the “Liquidated damages” is known as “LD”. The main intention of liquidated damage is to cover the client against the Contractor’s time-related obligations. If the Contractor breaches the contract, the client can ask (deduct) predetermined sum agreed as “liquidated damages” or “Delay damages”. The principal of Liquidated Damages/ Delay Damages LetContinue reading “Liquidated damages/Delay damages in construction”
Variations in construction -under FIDIC 1999
Variations in Construction Variations are also called as change orders in construction. Any modification or change to works (agreed in the contract) is treated as a variation. These modifications or changes can divide into three main categories. Addition to the work agreed in the contract. Omission to work agreed in the contract. Substitution or alterationContinue reading “Variations in construction -under FIDIC 1999”
Quick Guide to extension of time claims (EOT Claims)
Extension of time claims(EOT claims) are the most discussed type of claims in the construction industry, the Main intention of this article is to give you a better understanding of EOT claims. Before we move into further details on the extension of time claims we will look into the nature of the extension of timeContinue reading “Quick Guide to extension of time claims (EOT Claims)”
What is the process of Mediation in construction
In the process of mediation in construction, all the parties are agreeing and appointing a neutral third party (person) as a mediator. The mediator should be a qualified and expert person in the industry. Also, the selected mediator has to be acceptable by both parties. This process will proceed without harming the existing relationship betweenContinue reading “What is the process of Mediation in construction”
What is the process of construction arbitration?
What is the construction arbitration process in the? Arbitration, mediation, litigation. These words are very common in the construction industry. Because the industry is full of disputes. There are a handful of ways to resolve disputes in the construction industry. But arbitration is the most famous method of resolving contractor and client disputes. In theContinue reading “What is the process of construction arbitration?”
How to get Extension of time (EOT) in construction (3 Key reasons)
What is this extension of time or EOT The contractor is always eligible for an EOT (extension of time) whenever unexpected causes delays the project works. If the contractor is requesting an EOT, He should request it based on the reasonable terms. The contractor cannot ask an extension due to delays caused by himself. evenContinue reading “How to get Extension of time (EOT) in construction (3 Key reasons)”
What is a Quantity Surveyor do (QS)?
What are Responsibilities of a Quantity Surveyor Above are the key tasks of a Quantity Surveyor, Below we have categorised all the responsibilities separately for pre-contract and post-contract stages. Pre- contract Quantity Surveyor as a Contractor’s representative. Taking off quantities. Preparation of BOQ. Pricing and Estimation. Preparation of BOM (Bill of Material). Analyzing andContinue reading “What is a Quantity Surveyor do (QS)?”