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Dispute Boards: An Approach to the Efficient Resolution of Disputes in the Construction Sector

Constructlaw

By ensuring that contentious disputes, many of which involve significant cost and time ramifications, can be resolved in real time, a dispute board limits the risk that a contractor, subcontractor, or supplier will suffer the severe cash flow limitations that can come with protracted disputes.

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Labour Contract Vs Material Contract - Which Contract is Better for Constructing your House?

Civil Lead

Hence he has to manage and plan the fund from the beginning that is day one the cash flow has to be strong. Whereas in the case of a material contract as the contractor buys all the materials, the owner is not supposed to have expertise in purchase or bargaining for materials. A long-standing relationship with the suppliers.