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9. Dispute Resolution: Resolving contractual disputes. Dispute Resolution: Resolving Contractual Disputes Dispute resolution in construction contracts involves addressing disagreements that arise between parties during the project lifecycle. These disputes can stem from issues like delays, cost over...
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8. Change Management: Handling Contract Variations and Change Orders Change Management: Handling Contract Variations and Change Orders Change management in construction involves the process of managing alterations to the original contract scope, budget, or schedule, typically through change orders. ...
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7. Payment Processing: Managing Payment Schedules and Ensuring Timely Payments Payment Processing: Managing Payment Schedules and Ensuring Timely Payments Payment processing in construction projects is a critical function that involves managing payment schedules, verifying work completion, and ensur...
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Cost Control: Monitoring and Controlling Project Costs Cost Control: Monitoring and Controlling Project Costs Cost control in construction projects involves tracking and managing all project expenses to ensure that the project stays within the approved budget. Effective cost control helps in maximiz...
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Contract Administration: Managing Contract Lifecycle from Inception to Completion Contract Administration: Managing Contract Lifecycle from Inception to Completion Contract administration is the process of managing a construction contract from its inception (drafting and signing) to its completion (...