Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT

payment
Client obligation and supplied items
Warranties and guarantees
Liability limitation and consequential damages
Indemnity
Taxes
Patent indemnification
Confidential information
Termination provisions
Changes and extras
Assignments
Delays, including force majeure
Insurance requirements
Arbitration
Escalation (lump sum)
Time of completion

Because of the variations among proposals and contracts, it is not feasible to prepare material specifically suited for each situation. It is also not practical to establish a standard form of contract or standard provisions to be included in a contract.

However, an increasing number of clients have certain set ideas as to the content of the proposal and contract. Therefore, it would be extremely helpful to develop a standard list and file of draft contract clauses that could be used with some modification for each bid. In

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72