Understanding Construction Contracts

Offers a comprehensive overview of construction contracting topics including contract delivery methods, construction documents, insurance and bonds, construction payments, claims and dispute resolution procedures recommended by CCDC and FIDIC conditions of contract, and how to administer and close a contract Addresses in detail the various types of delays: excusable and non-excusable delays, compensable and non-compensable delays, including accelerationVarious types of changes are defined for deeper understanding of the reader, including directed changes, constructive changes, concurrent delays, cardinal changes, differing site conditions and disruption Provides a better understanding about the competitive bidding process, information on "Contract A" and "Contract B", qualified bids, Responsive and Non-Responsive bids, and how to handle identical low and tied bids Delivers insights on analyzing and managingconstruction risks based on the author's 30+ years' experience as a professional engineer Adopts an easy and concise, step-by-step description of construction contracts, including work examples, tables and legal citations