re write it in different words Styles Analysis Disputes between the owner and th
ID: 2545751 • Letter: R
Question
re write it in different words
Styles Analysis Disputes between the owner and the contractor is common due to misunderstanding the type of contract. Each party of the contract believes that he is right and the other party is wrong. In the above case, the type of contract is a turnkey project for which the contractor had taken all the risks to provide the cooling devices that functions as per the requirements specified in the contact. While the owner doesn't seem to understand the concept of turnkey project when demanding for the cost reduction on the basis that the cooling device is cheaper than expected. 4Explanation / Answer
The case study primarily concentrates on the essentials of terms and conditions in the execution of the contract in legal terms. In this case study, there is a contract named " International turnkey project" between two parties. Some of the brief details of the contract are given below:-
(1) The contract is held between two parties worth half a billion.
(2) Two parties are involved i.e., supplier (a European company) and owner ( Middle East)
(3) The contract is executed on the basis of the following conditions:-
Condition 1: The material will be supplied by the contractor as per the specifications of the owner.
Condition 2: The material or the cooling device supplied will be examined and approved by the owner's committee of experts before giving final acceptance.
(4) The basic premise of the case study is to ensure the quality of the material which can be examined through physical inspection and acceptance.
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