Topic 8a Principles Law of Contract and Types of Construction Contracts

Topic 8(a)

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Lesson Learning Outcome: Explain several types of procurement methods [CO2:PO11] ◦

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Analyze each procurement method (advantages & disadvantages). [CO2:PO11] Analyze which method is suitable for the various type of project. [CO2:PO11]

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The basic of a contract is an agreement agreement,, which is composed of an offer and an acceptance. Agreement Agreem ent is the statement (oral or written) of an exchange of promises. According to the Commer Commercial cial Law of Malaysia, the word „contract‟ is defined as an agreeme agreement nt between two or more parties that is legally binding between them.

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In a written contract, no party can deny in agreeing to the terms. While in a verbal (oral), the injured party may deny incontract entering into any agreement agreem ent or „ganging up‟ with witness to cheat the other party.

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A contract contract  is an agreement agreement between  between the contractor,, who agrees to provide a product contractor or service (deliverables), and the customer customer,, who agrees to pay the contractor a certain amount in return. A contract is an official document  document  that becomes a medium for establishing good customer-contractor communications and ensure the project success.

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