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To manage is to forecast and plan, to organize, to command, to coordinate and to control. - HENRI FAYOL

Contract Validity, Breach of Contract and Termination

Definition of a contract

The term Contract used in the Construction management can be defined as:  "An agreement entered into by two parties under the terms of which one party agrees to perform a specific job for which the other party agrees to pay. Contract documents attached to and/or stated in the agreement form integral parts of the contract"

Essentials of Contract validity

Breach of Contract

Breach of Contract is the failure to perform it. However, not every failure to perform an obligation amounts to a true breach, as there are a number of excuses for non performance. When a contract has been broken without sufficient excuse or justification, the party who suffers by such breach is entitled to receive from the party in default, a compensation for any loss or damage caused by such breach.

Termination Of Contract

A Contract may be terminated or brought to an end in either of the following ways:


Types of contracts commonly used in construction

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