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Construction Contract

Construction contract, contract document, classification of engineering contracts, bidding process, CPWD contract conditions, FIDIC form of contract agreement, subcontracting

5.1 CONSTRUCTION CONTRACT

Contract as per the Indian Contract Act 1872 means ‘agreements which are enforceable as such having been made by free consent of the parties, by persons competent to contract for a lawful consideration and lawful object and which are not expressly declared to be void by any statute.’ From the definition, we can infer the criteria required for a contract to be valid. These criteria are:

  • There must be mutual agreement between the two parties.
  • There must be an offer made by one party called the promisor.
  • The other party, ...

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