Monday, February 13, 2012

Contractual & Legal FAQ's


In a previous post titled ‘Planning a New Home’, we provided a checklist to first time home builders and advised that ticking all the boxes, was the best way to ensure that their project ran smoothly. That being said, getting your head around the legal terminology can also be somewhat daunting.

These are some of the contractual and legal related questions staff at the Association are frequently asked:
  1. What are the essentials of a contract?
  2. What is the effect of a letter of intent?
  3. What is the parole evidence rule?
  4. What are the rules for the interpretation of contracts?
  5. When can implied terms be read into a contract?
  6. What are the remedies for breach of contract?
  7. Where a specification calls for material from a named supplier “or other approved”, can the principal agent or architect refuse to approve an alternative supplier proposed by the contractor?
  8. When a contractor requests a payment guarantee from the employer, what amount should it be for?
The answers to these and other contractual and legal frequently asked questions, along with information pertaining to a host of industry related matters, can all be found on masterbuilders.co.za.

Ernest Roper
Durban Regional Manager

CONSULT YOUR ASSOCIATION.
WE ARE HERE TO HELP YOU !

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