IT slump

1. INTRODUCTION:


A contract is an agreement between two or more parties for certain acts to be preferment or refined from which has been arrived at in such a manner, set forth in such a form, and is of such content that it has enforceable legal effect.
In a civil engineering construction contracts, an agreement is signed between the owner and the contractor, which ensured the completion of the work within the scheduled time, following drawings, designs, specification and workmanship as given by the consultant and at a price as quoted by the contractor.

2. Types of contracts:
i. Lump Sum Contr...