Research Paper on Contracts
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Added on 2021-04-21
Research Paper on Contracts
Added on 2021-04-21
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PRESENTATION ON IF THE CONTRACTOR IS ENTITLED TO LOSS OR PROFIT IF THE WORK IS OMITTEDA Paper on Contracts ByStudent’s NameName of the ProfessorInstitutional AffiliationCity/StateYear/Month/Day
Presentation•This presentation focuses on the question if the contractor is entitled to loss of profit in case the work is omitted. •Some of the major functions of the contractor is to:Comply with the contract.Complete and contract the works in accordance with the contract which entails all the drawings and specification.Ensuring that any sub-contractor complies with the contract Providing competent supervision and labour.
•The contractor is however obligated to completing the contract to the specified standard by the date of completion or any extension to that granted date by the contract administrator as well as obeying the instructions of the contract administrator as long as the contract administrator is acting within the authority provided by the contract.
Reasons for Omission of work by ContractorThere are numerous reasons that may lead to the contractor omitting some work, these reasons include:Mistake in the initial design.Breach by the employer. Termination of the contract by the client. Inadequate provision of the materials by the employer. Negligence of the client. In case the contractor who is suppose to come of with the initial design according to the taste of the client makes a mistake in the design leading to omissions in the final construction.
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