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…
In construction projects, a snag list (occasionally referred to as a punch list) defines the process of inspection necessary to compile a list of minor defects or omissions in building works for the contractor to rectify. The faults that are identified in the snag list should be rectified prior to 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…
