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Showing posts with the label contracts

Does celebrating Labor Day have any impact on their lives?

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     Does celebrating Labor Day have any impact on their lives? On May 1st, we celebrated labour day to honour the contribution of workers in  country’s growth. And their majority of labours employed in construction industry who helps country to build infrastructure, building and homes to support country's growth story. In India construction play very important role in country's economy and provide jobs to millions of people. This industry is highly labour intensive and most of them are unorganized and untrained. Even though Labour Day is still recognized and celebrated across our nation, but it has lost its significance over time and is now just formality. If you talk to the labor, it does not matter to them on this day, but the industry does because it is a holiday. Many construction workers struggle with issues like low pay, long working hours, dangerous working conditions, discrimination, health risks, hygienic accommodation a lack of training, and job in...

Pain of Contracts and Procurement

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       Pain of Contracts and Procurement Every Profession has its own challenge and pride , as a professional it’s depend on us how we tackle them.C&P is integral part of organisation, and has potential to impact company performance. Contracts and procurement department also have some advantages and disadvantages. Everyone knows the benefits,  however I  have tried to highlight the few challenges based on my experience. Time There is a saying that “curd does not freeze on hand” but it does not apply in construction, here everything is urgent. Here today you will get the requirement and next day material shall be required on the site. And if you ask for more time, then it will be said directly that you do not know the pain of the site and you don't care about the progress of the site. Every company has a process to award the work, and it takes time to award any package.  One thing we have to understand that contracts is not about on-boarding...

Contractor Claim in Construction

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              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 ...