An Overview of Payment (Part 3) Payment and Standard Forms
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The aim of this course is to explain the key payment rights and obligations under construction contracts and explain how these principles are applied in practice. This course provides some examples on how variations are valued with cross referencing back the JCT, FIDIC and NEC forms of contract.
After studying this course, you should be able to;
1. Explain why when variation is validly issued, the omission, change or extra work needs to be valued.
2. Explain how general principles of valuation work with specific examples from JCT and FIDIC and NEC.