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Construction Law and Contracts Assignment Questions and Answers
1. Construction law and contracts
While talking about the construction law and contracts the question arises about what the construction industry consists of. Construction industry contractual agreements are integrated with housing, industrial, commercial, and infrastructure projects. Contracts are constructed on the basis of private and public. The construction practices can be viewed in every aspect of life including the services rendered projects and the materials concerning projects consisting of infrastructures like road building, railways track construction, airports building and the last one is seaports. Everything builds around us encompasses the construction and the construction contracts. The practical application of these contracts involves various parties that imply certain complications could arise during the project regarding time, quality, and quantity. The outcomes of these complications and clashes will impair the proficiency of the project and thus consequences will lead to failure.
The construction industry in the United Kingdom contributed 103 billion Pound to economic activity in 2014, accounting for 6.5 percent of total gross value added. This marks a real-terms growth of 9.5 percent over 2013, the highest since at least 1990. Construction employed 2.1 million people, or 6.3 percent of all workers, during the same time period. The construction industry and the contractual agreements in the UK Country cannot be underestimated. Major other contracts like FIDIC and JCT are also considered as the legislation of England and Wales. However, construction contracts have been utilized significantly throughout the world.
As no two construction projects are ever the same, it is necessary to consider the individual characteristics of each project and to consider the risks at each stage of the process. Even on the most straightforward project where defects arise there is usually a debate as to whether the same is due to an error in design or workmanship and, accordingly, the identity of the ‘proper’ defendant. In turn, that requires a potential claimant to identify the causative breach. This inevitably leads to the question of whether the putative defendant is insured in respect of his act or omission. The stark reality is that insurance and construction contracts go together hand-in-hand.
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