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Construction Law/getting out of a contract
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Peter M Elliott wrote at 2007-04-30 12:50:10
You can always cancel a contract; the only question is the cost of cancellation. It is better to terminate it for cause.
If you terminate the contract you will be liable for any reasonable expenses of the first company. It is the same case as cancelling a a hotel booking.
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Answers by Expert:
Md. Malik Lasker
Expertise
Pre qualification & Tendering Documents, Contractual Issue & Dispute settlement, Contract Documentation, Variation order, measurement, cost & quality control etc. of Roads & Highways projects, Building Projects, Environmental Projects and other Civil Engineering related Projects.
Experience
22 years experience on Project Management & Planning,Construction Supervision & Quality Control, Coordination & control of all on-site construction activities, Cost & Schedule Control,Preparation of Pre Qualification & Bidding documents, overseas project consultation & negotiation, Technical Tranning & Technical Decisions, Contractual Issue and Dispute settlement,Preparation of Invoice & variation orders etc. of World Bank, Asian Development Bank and USAID AIDED projects .Familiar with FIDIC, American, British, Chinese, Indian and Bangladesh Standard.
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