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Walkthrough the Standard Form of Building Contract Session 1

Walkthrough the Standard Form of Building Contract Session 1

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[Music] KL RCA presents standard form of building contracts a3 has just been contracted to build a shopping mall in KL however he is worried about the usual pitfalls of existing standard form contracts which are unable to deal with some of the most common issues faced by construction projects such as delays breaks and cashflow and disputes leading to deadlines all this could affect his project's completion his lawyer Zara introduces him to the suit of standard form building contracts issued by KL RCA simply said it is much clearer than existing contracts as it clearly sets out the rights and obligations of all relevant parties and provides user-friendly solutions to these risks KL RCA is the world's first arbitral center to introduce such a suit to help address these issues a3 is curious to know more about the benefits Sarah says that to begin with KL RCA s FC contains over 60 definitions of words and expressions to make things clear for everybody involved this helps avoid misunderstan

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