construction contracts

Part of the #FIDIC_International_Contracts workshop, which I presented for the Arbitration Center of the Eastern Region Chamber of Commerce.

At the end of this series, it becomes clear that all accounting methods in #construction_contracts have benefits for both parties and have risks for them, and they have advantages and disadvantages, and the owner must be sufficiently familiar with these details, and if he is not aware, I advise him…

The third method of accounting for the contractor in #construction_contracts is the Cost Plus method. In which the contractor carries out the required works, and the owner accounts him for the value of his purchases of materials or the value of labor and equipment, in addition to a percentage against…