NO COMPENDSATION FOR DELAY IN CONSTRUCTION CONTRACTS
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Abstract
This paper analyses contract clauses which bar compensation on the occasion of any delay in performance of the contract. Such clauses are often seen in construction contracts. This paper also analyses the jurisprudence of such clauses, and its relation to the Indian Contract Act. In the later parts, the paper deals with the issue of delay and compensation in construction contracts and what are the factors the arbitrators and courts take into consideration while interpreting such contracts.
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