Archive for March 2nd, 2008
Sole Selling Mandates Part 1
Sunday, March 2nd, 2008Just what is a sole selling mandate? In effect, a seller appoints one estate agent (sole agent) for an agreed period of time to sell a property, thereby excluding other estate agents or the seller from trying to find a buyer for it.
Many estate agents, however, use a form of contract called “Sole Agency” which, […]
Using Standard Building Contracts part 3
Sunday, March 2nd, 20084.6 Extension of construction period
When a contractor submits a tender, the employer will usually stipulate a date by which the work should be completed; this is termed the practical completion date. This intended practical completion date is written into the contract document and it becomes a term of the agreement.
It will be noted that the […]
Using Standard Building Contracts part 2
Sunday, March 2nd, 20084. JBCC Principal agreement
Two model agreements are issued, one with bills of quantities and one without bills of quantities, the so-called lump sum agreement. In the domestic market, the lump sum agreement is more popular. The material difference between the two agreements is the method of measurement. One includes a bill of quantities, which is […]
Using Standard Building Contracts part 1
Sunday, March 2nd, 2008A building contract is an agreement between two parties. The one party, usually referred to as the contractor, agrees to erect a building. The other party, usually referred to as the employer (Afr. bouheer), agrees to pay for the building. In theory, quite simple—in practice, often a frustrating exercise. The two contracting parties are the […]
