Contracts & Specifications (CM702)
Course Name:
Contracts & Specifications (CM702)
Programme:
Semester:
Category:
Credits (L-T-P):
Content:
Construction Contracts - Elements of contracts- types of contracts - Design of contract documents – international contract document- Standard contract document . Tenders - Prequalification -bidding-accepting-evaluation of tender - potential contractual problems - World Bank procedures. Arbitration - Actions-laws-appointment of arbitrator powers- rules of evidence. Legal requirements - Insurance-bonding-sale-purchase-land revenue codes-tax laws-income tax-sales tax-custom duties-influence on construction cost-legal requirement for planning-property law-agency law for approval-statutory regulations