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A form of contract for the supply of goods; Forms of bond (including performance bonds) and collateral warranties. The Construction Industry Model Arbitration Rules, adapted from those of the Society of Construction Arbitrators. The JCT publishes guidance on which contract to select.
Buildings are subject to many different risks while under construction. They may catch fire, be damaged by high winds, or fall victim to other force majeure.A principle of common law is that any new construction or other improvement to land becomes property of the owner of the land – the title holder – once there has been an "improvement" to the owner's site.
A parent company guarantee (PCG) is a guarantee by a parent company of a contractor’s performance under its contract with its client, where the contractor is a subsidiary of the parent company. [1] It is mandatory for all the companies to mention about the guarantees granted as a note in their accounts because it is a risk for the company.
A certificate of occupancy is a legal document that proves a property is safe to inhabit and meets all code and usage requirements. It is often required for major home renovations or when selling ...
A home warranty protects against the costs of home and appliance repair by offering home warranty coverage for houses, townhomes, condominiums, mobile homes, and new construction homes. When a problem occurs with a covered appliance or mechanical system such as an air conditioning unit or furnace, a service technician repairs or replaces it.
Company type: Supporting the house-building industry in improving the build quality of new homes for homebuyers, whilst providing warranty protection to consumers when required. Non profit distributing. Industry: House building, Insurance and warranty, Training, Research: Founded: 1936: Headquarters: Milton Keynes, Buckinghamshire, UK