Contract Administration

Can a Contractor Obtain Compensation for a Radical Increase in its Costs if a Construction Contract Contains No Price Escalation Clause?

Christopher R. Seppälä, Elizabeth Lefebvre-Gross

Faced with a drastic increase in the cost of commodities—for example, of steel, or oil—that undermines the economic assumptions of a construction contract, lawyers trained in the common law may believe that, if the contract has no price-escalation clause, the only relief from the contract available is termination on the grounds of frustration, impossibility, or impracticability. In fact, outside the common law countries, it may be possible to obtain other relief, including an increase in the contract price, to take into account changed circumstances after a contract has been signed. Several examples are provided below. …

Contract Administration

Sheet piles offer an economical solution

by Dhairya Narayan Jha

Steel sheet piles are long structural sections with interlocks which form a continuous retaining wall. To retain soil or water in most cases, sheet piles have been used for all kinds of temporary and permanent retaining structures being extensively used for quay walls, cofferdams, tunnels, underground parkings, shoring for foundation pits, sewerage and drainage works, micro tunnelling, to name a few. …

Contract Administration

What is Die Casting?

By Chris Welsh
Wrenches, toy cars, parts for watches and blenders, the inner workings of many a mechanical marvel; what do they all have in common? They were die cast, a process of “rubber stamping” products in a uniform manner which typically results in high production or identical or nearly identical products. A die cast car, for example, can be made by the dozens or hundreds at a time, producing high volume yields with few, if any, quality control concerns. …

Contract Administration

Construction Management

By Matthew Bendert

Within the scope of a major construction project, the role of a construction management firm is vital. A construction manager, or management team is trained to coordinate the different processes and timetables necessary to complete a project. These individuals and teams mediate between owners, designers, contractors, and suppliers. As such, they act as overseers of the entire process, from inception to design to execution. …

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