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Australian Construction Contracts govern how the parties to a construction contract behave and how the project manager and the contract manager administer the relationship between the parties. [1] There are several popular standard forms of construction contracts that are currently used in Australia .
David Gonski, AC, professor of intellectual property law, Chancellor of UNSW (2005–current), businessman [144] Ian Ramsay, AO, professor of commercial law, Dean of Faculty of Law (1993–1994), researcher in corporate law and securities regulation [145] Kim Santow, AO, professor of law, former judge of the Supreme Court of New South Wales [146]
The University of New South Wales (UNSW), also known as UNSW Sydney, is a public research university based in Sydney, New South Wales, Australia. It is one of the founding members of Group of Eight , a coalition of Australian research-intensive universities.
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The two parties involved are one or more property owners and one or more contractors. The owner, often referred to as the 'employer' or the 'client', [ 1 ] has full authority to decide what type of contract should be used for a specific development to be constructed and to set out the legally-binding terms and conditions in a contractual ...
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Property law orders or prioritises rights and classifies property as either real and tangible, such as land, or intangible, such as the right of an author to their literary works or personal but tangible, such as a book or a pencil. The scope of what constitutes a thing capable of being classified as property and when an individual or body ...
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Economic Price Adjustment Contract (FPEPA) is a "fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decrease) for special commodities".
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