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Dispute Boards: An Approach to the Efficient Resolution of Disputes in the Construction Sector

Constructlaw

By ensuring that contentious disputes, many of which involve significant cost and time ramifications, can be resolved in real time, a dispute board limits the risk that a contractor, subcontractor, or supplier will suffer the severe cash flow limitations that can come with protracted disputes. Dispute boards can save money, too.

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Labour Contract Vs Material Contract - Which Contract is Better for Constructing your House?

Civil Lead

Finance The owner has to keep the fund ready in case of a labour contract the owner buys all the materials for the construction. Hence he has to manage and plan the fund from the beginning that is day one the cash flow has to be strong. Also, the price variation in materials as per market fluctuation affects the owner.