Types of Estimate, Arbitration and Termination of Contract. - Building Better Communities with you.

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09 July 2022

Types of Estimate, Arbitration and Termination of Contract.

 

Different Types Of Estimates

·        Preliminary/Approximate/Abstract/Rough Cost Estimate
·        Plinth Area Estimate
·        Cube rate or Cubical Content Estimate
·        Quantity Method Estimate
·        Detailed Estimate Or Item Rate Estimate
·        Revised Estimate
·        Supplementary Estimate

Types Of Arbitration

  1. ·        Arbitration without the intervention of the Court
  2. ·        Arbitration with the intervention of Court and there is no suite pending
  3. ·        Arbitration suits

Types Of Termination Of Contract

  • ·        Agreement
  • ·        Breach
  • ·        Performance
  • ·        Impossibility of Performance
  • ·        Operation of Provision Of Law

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