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A period of usually twelve months following practical completion, during which the employer can require the contractor to return to the site to complete any omissions in the works and to make good any defective work or materials. When all omissions and defects have been made good, the contract administrator or Employer's Agent must issue a certificate or statement of completion of making good defects.
What else can I help you with?
What is the defect notification period?
It is same as DLP ie Defect liability period, which is generally 12 months from the completion period of any project.
Is A property or liability insurance policy a business or liability contract?
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
What is contractual liability insurance?
Contractual liability insurance is something purchased to protect a person entering into a contract, when that contract means that they agree to be responsible for any liability.
Warranty vs defect liability?
When it comes to goods and services, warranties are a promise from one party to another that certain things are true and correct, or products will meet a certain criteria. Defects liability period refers to the period of time in which a customer can oblige a supplier to make good on defected items, or issues resulting from a defective service.
How to calculate vat liability on works contract?
How to calculate vat on works contract
What contract provision relieves a party to the contract from liability is known as?
limitation of liablity
What is contractual liability?
Liablity assumed in a contract.
Is forward exchange contract considered to be a liability?
A forward exchange contract is not typically considered a liability on its own; rather, it is a financial instrument used to hedge against currency risk. However, it may result in a liability if the contract has a negative fair value at the reporting date, meaning the company would incur a loss if it settled the contract at that moment. In such cases, the negative fair value is recognized as a liability on the balance sheet. Overall, whether it is classified as a liability depends on the specific circumstances and the valuation of the contract.
How do you calculate vat liability under works contract under delhi vat?
how to calculate vat liability under works contract under delhi vat
Why can't you get out of your timer share?
A contract provision that relieves a party to the contract from liability is known as
What are synonyms of disadvantage?
Defect, burden, deficiency, and liability. I got these from http://thesaurus.com/browse/disadvantage
How do attorneys help get full compensation for product liability?
By suing the company that made a product with a defect.
