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34 articles on Contracts & Claims

Advance Payment Construction Contracts image Advance Payment Construction Contracts image
Explore the essentials of advance payments in construction contracts, including their purpose, legal provisions, and applications in FIDIC, NEC, and JCT frameworks. This article covers recovery formulas, mobilization payments, price adjustment clauses, and strategies for managing contractor cash flow and project risks. A valuable guide for professionals navigating construction finance and legal contracts.
Elie Saad's photo
Elie Saad
Dec 19, 2024
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Advance Payments Risks Construction Contracts image Advance Payments Risks Construction Contracts image
Discover how the COVID-19 pandemic exposed flaws in construction contracts, particularly the unfair treatment of advance payments and bonds. Learn actionable reforms to protect contractors, including non-refundable payments and equitable compensation frameworks, for a more resilient construction industry.
Elie Saad's photo
Elie Saad
Dec 18, 2024
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