Effective Contract Management: Some Important Issues and Suggestions - NBM Media

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H.L. Chawla, President, Tecknovate Solutions and World Bank Consultant, New Delhi.

Construction Contracts

Introduction

Compared to the manufacturing sector, the construction industry is almost unique where the "Project is sold before it is made." Instead it can be said that each individual contract is different from the other & contains a degree of distinctiveness even though the contracts may be on standardized forms. The reasons are not far to seek. This is because:

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NBM&CW January 2011

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