1.

Contract
a. Definition
Agreement Enforceable by law
b. Essentials of a Valid Contract
i. Parties must be competent to contract
ii. Must give Valid Consent
iii. Agreement or meeting of minds
iv. Agreement must be supported by a lawful consideration
v. Subject matter of the agreement must be definite and lawful
c.

2.
a. Contract becomes voidable. The owner can terminate the contract by proper notice
immediately after the lapse of due time and sue the contractor for recovery of
damages for the breach of the contract.
b. When delay is acceptable
i. Variation
ii. Force Majeure
iii. Abnormally Bad Weather
iv. Serious loss or damage by fire
v. Strike or Lockout
vi. Delay by nominated subcontractors or suppliers which the contractor has, in
the opinion of A/E taken all possible steps to avoid or reduce
vii. Delay by other contractors or tradesmen engaged by owner for work
covered in the contract
viii. Non-availability of material or tools to supplied by owner
ix. Suspension of work by employer
x. Any other cause which, in the absolute discretion of the authority but
beyond the contractor's control
c. Categories of Specification ???
i. General
ii. Detailed
iii. Particular
3. S
a. Stages of Dispute resolution process
i. Prevention
ii. Negotiation
iii. Standing Neutral
iv. Non-Binding
v. Binding
vi. Litigation
b. Advantages of Modern Dispute Resolution ?
4.