Letter of Acceptance also referred to as the “Letter of Award”, is legally considered as the Employer’s formal acceptance of an offer (bid/tender) made by the Contractor, thus forming a valid and binding contract between parties when acknowledged its receipt by the Contractor. Issuance of the Letter of Acceptance/Award marks Read more…
Having a formal Performance Evaluation and Appraisal for contractors provides project owners with valuable knowledge that is essential for future procurements. Performance evaluations and appraisals usually get prepared following the completion of the work associated with a contract. Performance evaluations should include an evaluation concerning the quality of the work; Read more…
For the first time, the FIDIC 2017 Red Book introduces advance warning provisions (sub-clause 8.4), which requires each Party to advise the other “in advance of any known or probable future events which may (a) adversely affect the work of the contractor’s personnel; (b) adversely affect the performance of the Read more…
