Author name: Akash Dalvi

Force Majeure Clauses

Role of Force Majeure Clauses in Real Estate Contracts

Force majeure clauses play a critical role in mitigating risks for parties involved in real estate contracts. These clauses alter contractual obligations during unforeseen circumstances, ensuring fairness and flexibility in times of crisis. Let’s explore the concept in detail, its importance under the Indian legal framework, and its application in real estate projects, with a […]

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Framework Agreement

What is Framework Agreement in Construction Management

In the dynamic world of construction, buyers often face recurring requirements without a clear understanding of the full scope of their needs. This is where Framework Agreements prove to be an effective solution. Below, we delve into the concept of a framework agreement in construction management, its features, benefits, and challenges. What is a Framework

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Blended cement

Blended Cement: Characteristics, Varieties, and Applications

Blended cement is a uniform mixture of Ordinary Portland Cement (OPC) combined with blending materials like silica fume, fly ash, limestone, and slag. The blend results in enhanced properties that make it suitable for various applications, from domestic construction to major engineering projects.  By improving qualities like workability, strength, durability, and chemical resistance, blended cement

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leasehold properties

What are leasehold properties? Everything you need to know

Leasehold properties represent a type of property tenure in which one party purchases the right to occupy a property for a specific period, generally ranging from 30 to 99 years. In a leasehold setup, the ownership of the land remains with an authority, typically a government agency, which grants the land to developers to create

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Cost-Plus Contract

Role of Cost-Plus Contracts in Construction Project Management

A Cost-Plus Contract offers a flexible compensation structure that sets it apart from fixed-price contracts. In a fixed-price arrangement, the project’s cost is determined upfront, while a Cost-Plus Contract reimburses the contractor for all legitimate project expenses as they arise. Additionally, a fixed profit margin or fee is added to cover the contractor’s overhead and

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Concrete Scaling

Concrete Scaling: Effective Methods for Repair and Prevention

Concrete scaling refers to the local flaking or peeling of the concrete surface due to exposure to environmental conditions such as freezing and thawing. Factors that contribute to concrete scaling include low-strength concrete, the use of deicing salts, and a high water-cement ratio in the mix. The initial phase of concrete scaling starts with small

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Concrete Structures

Inspection of Concrete Structures: Purpose, Methods, and Procedures

Concrete structures, though inherently durable, are not immune to deterioration over time. This deterioration often stems from various factors such as the composition of the concrete mixture, the placement and type of reinforcement, and the quality of finishing, curing, and protection received. Additionally, concrete may be subject to external factors like abrasion, moisture changes, freeze-thaw

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Fly Ash

Fly Ash: Key Properties, Classifications, Mechanism, and Practical Applications

Fly Ash is one of the most important byproducts generated from the combustion of coal, particularly in power plants. As industries evolve and the demand for sustainable construction materials increases, Fly Ash has become a widely recognized component in various applications, especially in the construction industry. This article delves into the essential properties, classifications, mechanisms,

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Bank Auction Property

Understanding Bank Auction Property in India

Why are Properties Auctioned by Banks? Bank auction properties are sold when borrowers fail to meet their loan repayment obligations. Typically, if a borrower defaults on three consecutive EMI payments, the bank may initiate the foreclosure process. The property is then auctioned to recover the outstanding loan amount. The bank issues a 60-day notice to

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sale agreement

Importance of a Sale Agreement in Property Transactions

A sale agreement is an essential document in any property transaction, establishing the legal framework and ensuring that all parties involved understand their responsibilities and rights. Whether you’re buying or selling a property, this legally binding contract serves to protect your interests, offering clarity and reducing the potential for misunderstandings. Here’s a comprehensive look at

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