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The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and ...
Application for attachment of immovable property to contain certain particulars. 14 Power to require certified extract from Collector's register in certain cases. 15 Application for execution by joint decree-holders. 16 Application for execution by transferee of decree. 17 Procedure on receiving application for execution of decree. 18 Execution ...
As mandated under Section 5 of the Indian Limitation Act, 1963 (Act 36 of 1963) no application would be maintainable before the Executing Court under this provision as such it is clearly concluded that Section 5 of the Indian Limitation Act, 1963 is strictly non-applicable to Execution Proceedings and the aggrieving party who lost his rights by ...
Civil procedure is the body of law that sets out the rules and regulations along with some standards that courts follow when adjudicating civil lawsuits (as opposed to procedures in criminal law matters).
The private construction company is responsible for the design and construction of a piece of infrastructure for the government, which is the true owner. Moreover, the private entity has the responsibility to raise finance during the construction and the exploitation period. [14]
A cost plus contract states that a client agrees to reimburse a construction company for building expenses such as labor, materials, and other costs, plus additional payment usually stated as a percentage of the contract's full price. This type of construction contract is an alternative to lump sum agreements.
A common area where executory contracts are found is US bankruptcy law, where obligations exist for both parties to a contract at the time of a bankruptcy petition.In cases such as this, both the debtor, or the side that is filing for bankruptcy, and counterparty, or the side contracting with the debtor, may have to make further performance.
Depending upon the language in the bid proposal, a subcontracting construction company could make its bid final, and, if accepted, a legally enforceable contract is created. In these circumstances, upon determination by the general contractor that a bid is the lowest offer, it can accept the bid and, upon acceptance, a subcontractor cannot ...