Extension of Time (EOT) in Construction Contracts by Shubham Singh

Construction projects often face unforeseen delays and disruptions, which may lead to the need for additional time to complete the project. Extension of time provisions in construction contracts provides a mechanism for the parties to adjust the contract completion date to account for these delays. Mostly, the disputes (like compensation for extended stay, LDs, price variation, escalation etc.) start after the Contractor’s proposal for EOT. This video covers the key principles of extension of time provisions, including the types of events that may entitle the contractor to an extension of time, the procedural requirements for making a claim, and the standard of proof required to establish entitlement. This video also discusses the factors that should be considered when formulating an extension of time proposal, including the scope of the delay, the impact on other project activities, and the potential cost implications. By following a structured and systematic approach to formulating extension of time proposals, the parties can avoid disputes and ensure that the project is completed on time and within budget.
#Extensionoftime #eot #Constructioncontracts #contracts #delay #delayanalysis #shubham #shubhamsingh

[@KshmaSingh-nv7ul]

Gr8 initiative

[@amanmanhas4443]

very informative video i want to thank you sir for sharing information and please add more videos like this one.

[@Adwait_kranti]

Sir Please upload regularly video on contracts and claims

[@desmond444]

*promo sm* 👍