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The different types vary primarily with regard to who takes the risks involved, which party has to pay for the cost over runs, and which party can keep the savings if the project costs are less than the estimated costs. [3] Other types of contract and descriptions of contractual purpose include: Commercial contract; Domestic building contract [4]
The contract also requires the appointment of a Contract Administrator to carry out administrative functions during the course of construction, a Project Time Manager to advise on time related matters, a Valuer to advise on cost matters, a Design Coordination Manager to manage the integration of the Contractor's design, and a Data Security ...
It now sits alongside a number of other contracts, making the NEC suite suitable for use in many stages of the lifecycle of a project and for any party within a project. The contracts available within the suite are: Engineering and Construction Contract (ECC): Suitable for any construction based contract between an Employer and a Contractor.
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April 2012: One of the main firms involved in the project, PT Mass Rapid Transit Jakarta, [17] announced the letting of contracts for the procurement of rolling stock (96 cars). Late 2012: After he took office in October, the new governor of Jakarta Joko Widodo put the MRT project on hold. The governor called for a review of the project.
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The language tag should consist of an ISO-639 language code. See the list of ISO 639-1 codes for two-letter codes; if you don't find the language you seek, then refer to the list of ISO 639-3 codes. The template also supports properly formatted IETF language tags using subtags that identify the language's script, region, and/or variant. The ISO ...