Fundamentals of a Contract of Works: Key Elements and Terms

Description

A Contract of Works is a formal agreement defining the scope, timeline, payment terms, and conditions for a project between parties. It includes identification of involved parties, project requirements, milestone dates, compensation, warranty, liability limits, change orders, termination procedures, dispute resolution, and governing law, ensuring clarity and accountability for successful project completion.

Estimated Duration: 110 Minutes

Tier: Basics