Introduction to contracts:
Definitions, Essentials for a legally valid contract, Salient features of contract, Discharging of a contract, Documents for an Engineering Contract; Types of contracts: Classification Based on Tendering Process, Economic Consideration, Applicability of the various types of contracts in Construction.
Tendering process:
Definitions, List of Documents, EMD, Security Deposit, Invitation for Tenders and sale of Documents, Preparation of Tender Documents and its submission, Receipt of Tender Documents and its opening, Evaluation of Tender and Award of contract–Letter of Award, Letter of Intent,
Issues in tendering process: Pre - Registration, Pre-Qualification, Nominated Tendering, Rejection of Tenders, Repeat Orders, Revocation of Tenders, Unbalanced Bidding.
Administration/Performance of contract:
Responsibilities (Duties and Liabilities) of Principal & Contractor, Monitoring and Quality control/assurance, Settlement of claims − Advances, Bills, Extension for time, Extras & Variations, Cost Escalations. Security Deposit, Retention Money, Performance Bond, Liquidated Damages, Penalties, Statutory Requirements.
Breach of contract:
Definition and Classification, Common Breaches by – Principal, Contractor, Damage Assessment, Claims for Damages.
Dispute resolution:
General, Methods for dispute resolution−Negotiations, Mediation, Conciliation, Dispute Resolution Boards, Arbitration, Litigation /Adjudication by courts. Conciliation − Appointment of Conciliator, Role of Conciliator, Special Features of Conciliation Dispute Resolution Boards (DRB), Constitution of DRB, Functioning of DRB, Procedure for Hearings, Status of Award.