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10 de jun. de 2024 · Force majeure is a contract clause that removes liability for catastrophic, unforeseen events that prevent participants from fulfilling obligations.
- Vis Major
Vis Major: A Latin term meaning "act of God", or an...
- Act of God
Act Of God: An event that is outside of human control, and...
- Consequential Loss
Consequential Loss: A consequential loss is the amount of...
- Vis Major
Hace 5 días · unforeseeable. Other forms: unforeseeably. Definitions of unforeseeable. adjective. incapable of being anticipated. “ unforeseeable consequences”. synonyms: unpredictable. not capable of being foretold.
14 de jun. de 2024 · A GMP contract is a contractual agreement between a contractor and project owner that sets a maximum cost for the construction work of a project. In other words, the contractor commits to completing the project without billing for more than the maximum price laid out in the contract.
13 de jun. de 2024 · A construction contingency is a part of a project's budget put aside to cover any unforseen costs, risks, events, or changes in scope that may affect the project's cost over the course of its life. This money is on reserve and is not allocated to any specific area of work.
Hace 4 días · An invasive species is an introduced species that harms its new environment. [2] Invasive species adversely affect habitats and bioregions, causing ecological, environmental, and/or economic damage.
Hace 2 días · An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured.
2 de jun. de 2024 · 5 Ways To Fix Scope Creep. Bottom Line. Frequently Asked Questions (FAQs) Show more. Scope creep happens when a project’s completion requirements increase past the planned project requirements....
