Contractor Claim in Construction
Contractor Claims in Construction Industry Claim is a request or demand by contractor for compensation (Extension of time, additional cost or escalation on rates) for costs caused by failure of the other party to fulfil his part of duties (to complete remaining work) as defined in the contract . During execution, lot of problems come and that can’t be resolved by stakeholder and to solve these problem contractor demand claim from client. Nowadays, there is lot of competition in construction market, and contractor are compromising on their profits just to stay in business and to make their profile strong and due to which number of contractor claims in construction are increasing rapidly. But raising claim by contractor is not a crime. Contractor can raise legitimate claims in any contract by linking claim with contract clauses and with backup document. Further it will be on client how they handle it. Main reason for ...