Construction contract definition clarifies scope including related services and asset restoration obligations under ICDS guidance. A Construction Contract is a contract negotiated for construction of an asset or a combination of assets that are closely interrelated or interdependent ... Summary
Construction contract definition clarifies scope including related services and asset restoration obligations under ICDS guidance.
A Construction Contract is a contract negotiated for construction of an asset or a combination of assets that are closely interrelated or interdependent by design, technology, function, or ultimate purpose or use; it includes contracts for services directly related to construction (for example, project managers and architects) and contracts for destruction or restoration of assets and environmental restoration after demolition. Inter relation or inter dependency is assessed by reference to design, technology, function, or ultimate purpose or use.
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