What is the impact of the security of payment legislation

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Reference no: EM13721340

1. What is affect of a conflict between the specifications and the written terms of the contract? How do you resolve that conflict? Address legal principles.

2. What is the legal affect of stamping the specifications "approved" on any future contractual position? Refer and explain the legal principles and describe what rights each party may have.

3. Do the parties have to act in good faith? How these principles could be applied to the appropriate conduct of the parties.

4. What procedures would you formulate to cover possible amendments of the contract in the course of construction and

5. How experts could be used in the court system in this dispute and what it their role to assist the resolution disputes. Refer to the Expert Code of Conduct

What is the impact of the Security of Payment legislation in possible dispute resolution and if the parties in the above case wished to use the procedure provided what is required. Describe the process what each party would be required to do and refer and explain the relevant section of the act.

Reference no: EM13721340

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