| Building Codes |
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| Building codes were instituted to protect the safety and welfare of the public by mandating certain levels of quality in construction. They basically outline design requirements for all facets of construction. More... |
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| LAWS REGARDING PRIVATIZATION OF A CONSTRUCTION PROJECT |
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| When a developer or a contractor decides to privately design, build, finance, and operate a public construction project in another country, the developer or the contractor must examine the country's laws in order to determine whether privatization is permitted. Although many countries have enacted laws to encourage privatization of public construction projects, the developer or the contractor must ensure that he or she will not be excluded from participating in the project or that he or she will not be required to enter into a joint venture with a local corporation in order to complete the project. More... |
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| Bankruptcy of Owner and its Ramifications on Construction Project |
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| When the owner of a construction project files for bankruptcy, all participants on the project will feel the effects. Usually, the owner will seek to complete the project utilizing the bankruptcy tools at his disposal. Owners reorganizing under Chapter 11 can assume beneficial executory contracts or unexpired leases and reject others. More... |
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| ALLOCATION OF RISKS IN A PRIVATIZED CONSTRUCTION PROJECT |
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| As with all risks that are inherent to a construction project, the risks of a privatized construction project, that is, a public project that is built and financed with private funds, are usually allocated among the parties who are involved in the project. The three ways of allocating the risks are avoiding or reducing the risks, assuming or retaining the risks, or transferring or sharing the risks. More... |
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| POST-ARBITRATION AWARD PROCEEDINGS IN GLOBAL CONSTRUCTION DISPUTES |
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| Although an international arbitration award in a global construction dispute is generally considered to be final and binding on the parties to the arbitration, the parties may be entitled to file post-award proceedings under certain situations. Those proceedings may include a request to an arbitration tribunal to correct or to modify an award or a request to a court to enforce or to set aside an award. More... |
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