Contract Administration in Construction

Legal Aspects of Contract in Construction Industry

If you’ve ever purchased a home or property of any kind, you’ll know how complex contractual law can be. This complexity only deepens within the construction sector, where unique and multi-faceted legal requirements are constantly evolving. Mastering contract administration in construction is therefore essential for anyone aiming to work at a high level in the industry. Even the smallest contractual oversight can determine whether a project succeeds or fails, and in some cases, may expose companies to significant financial and legal risks.

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This tutorial explores the Legal Aspects of Contract in Construction Industry, breaking down the key elements of construction law and their practical implications. Study the essential components of a construction contract, along with the types of agreements commonly used, including lump-sum contracts, unit-price contracts, fixed and variable contracts, and management contracts. Additional topics include equipment rental and purchase agreements, insurance contracts, claims, profit-sharing arrangements, and the importance of clear contractual administration for long-term project success.

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