Common Contracts
1 similar Standard Form of Construction Contract contracts
Formulating Standard Form of Construction Contract in Indonesian ContextStandard Form of Construction Contract • July 28th, 2015
Construction contract can be defined as a legally binding agreement between one party to another in doing construction business. It serves as the foundation in executing a construction project. If made and managed properly, it will minimize the appearance of potential disputes in construction projects. Indonesia as the second largest construction market in Asia needs a standard form of construction contract in order to give the same understanding towards some principles, definitions and interpretations of contract clauses. However there is no single common standard form of construction contract produced by an entity which will greatly boost the dynamic of this industry. Therefore, this applied research has objectives: (1) to identify the benefits of standard form of construction contracts,
