Contract Practice Principles

Question 1

What are the key elements in construction law?

Answer 1

Intention
Offer and Acceptance
Consideration
Legality
Legal Capacity

Question 2

What is the Scheme for Construction Contracts?

Answer 2

When construction contracts do not comply with the Housing Grants, Construction and Regeneration Act.

Question 3

Who are the main contract bodies in construction?

Answer 3

JCT
NEC
FIDIC
ICC

Question 4

What is the difference between an EA and CA?

Answer 4

EA works on behalf of the Client

CA works impartially and administers the contract

Question 5

What is under a deed

Answer 5

A more formal document than a contract under hand. In most cases, it is optional to execute document as a deed.
Limitation period of 12 years

Question 6

What is underhand

Answer 6

Simple contract signed by parties

Limitation period of 6 years

Question 7

What is the Construction Industry Scheme (CIS)?

Answer 7

• The Construction Industry Scheme (CIS) is a scheme created by HMRC for tax from contractors and subcontractors.

Question 8

What is attestation?

Answer 8

Signature
Oath
Included in articles of agreement

Question 9

What is the NEC born from?

Answer 9

Egan and Latham Report to remove adversarial nature of contracts