1. Scope of the project. 2. Total cost and payment requirements. 3. Project timeline.. 4. Lien law protection.. 5. Dispute resolution.
In the UAE, construction contracts often rely on the legal standards set by the International Federation of Consulting Engineers, commonly known as FIDIC. The FIDIC framework is widely recognized for setting international standards in construction contracts, ensuring fairness and transparency.
The contract strategy is the set of policies and procedures which are selected to implement the management decisions. Selecting a contract strategy requires decisions about: Work packages. Choices of contract types. The payment method.
ASTM International is one of the main sources of international standards widely used in UAE. Currently, ASTM standards are vastly used in roads and buildings, and intended for use in other sectors such as amusement parks.
The built-up area also includes common areas that are shared by all residents of a building, such as staircases, lifts, etc. It is calculated by adding the Carpet Area and the thickness of the outer walls, balcony, and utility areas like the dry balcony or terrace, etc. and adding it to the Built-up Area.