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Compensation for damages in construction contracts is an important factor ensuring fairness and responsibility among stakeholders. When an incident or breach of contract occurs, determining compensation liability not only protects the rights of the damaged party but also encourages the parties to comply with their obligations. In the article below, Long Phan will analyze legal regulations and propose solutions to effectively handle compensation issues in construction.
Construction activities always have potential risks of causing damage. Therefore, liability for damages in construction contracts often arises in common cases including:
Construction activities always have potential risks of causing damage. Therefore, the responsibility to compensate for damages will include both the principal and the contractor in the following cases:
The contractor must compensate the principal for damage in the following cases:
The principal must compensate the contractor in the following cases:
General compensation liability:
Violations causing harm:
Legal basis: Clauses 3, 4, 5, 6, 7, Article 146 of Law on Construction 2014.
When a dispute over compensation occurs, the parties need to follow these steps:
The choice of settlement method must respect contractual agreements and commitments during implementation, ensuring equality and cooperation.
The parties are responsible for negotiating to resolve the dispute.
If an agreement cannot be reached, the dispute will be resolved through mediation, commercial arbitration or court in accordance with the law.
Legal basis: Clause 8, Article 146 of the Law on Construction 2014.
Long Phan provides in-depth consulting services on compensation for damages in construction contracts. With a team of experienced experts in the field of legal consulting, we will best support customers with the problems they are facing. The services we provide include:
Compensation in construction contracts plays an important role in protecting the rights of the parties to the contract. Clearly defining compensation terms not only helps minimize disputes but also creates an environment of cooperation and trust between the principal and the contractor. Contact Long Phan immediately via the hotline: 0906735386 get support from our team of experienced experts.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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