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Bebyond • 11m
EPC (Engineering, Procurement, and Construction) contracts are crucial for large-scale projects, assigning full responsibility to one entity. However, they can lead to complex disputes, particularly around delays, costs, and quality. For startups in construction or infrastructure, understanding these contracts is vital. Key Points: 1. Scheduling: Delays can incur significant financial penalties. Contracts should clearly outline how such delays are handled. 2. Claims: Disputes may arise over time, costs, or quality. Clear contract terms can prevent costly legal battles. 3. Variations: Contracts often allow project changes, but disputes can occur if variations exceed agreed limits. 4. Damages: Sections 73 and 74 of Indian Contract Law deal with unliquidated and liquidated damages, respectively. For startups, mastering EPC contracts can protect your business and ensure smooth project execution.
Passionate about Pos... • 4m
Larsen & Toubro (L&T) has secured a $1.5 billion mega contract from Saudi Aramco, reinforcing its strong presence in the Middle East’s energy sector. The deal involves large-scale engineering, procurement, and construction (EPC) work, likely suppor
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ADJUVA LEGAL® • 1m
Akshay Kumar Sues Paresh Rawal for ₹25 CRORE! 📜💥 The report about Akshay Kumar suing Paresh Rawal for a whopping ₹25 crore over an alleged midway exit from Hera Pheri 3 is a major headline. Allegations of "gross unprofessional conduct" and, cruc
See MoreDrafting Airtight Ag... • 3m
Confused by Legal Jargon? Here’s How to Simplify It. Ever feel like legal terms are designed to confuse rather than clarify? You’re not alone. Many business owners get stuck on words like “force majeure,” “indemnity,” or “liquidated damages.”
See MoreStudent • 1m
ConStructEase ConStructEase is a one-stop digital platform designed to simplify and modernize the construction and renovation experience for homeowners, property developers, and small businesses. In a world where building a home often means juggling
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