Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
construction contract
A contract setting forth the specifications for a building project's construction. ( This type of contract is usu. secured by performance and payment bonds to protect both the owner and the subcontractors."The term 'collateral contract' has no very precise meaning in the law. It is generally used as a label for a contract which is collateral, or by the side of, another contract. A great many examples of implied or constructive contracts created by the Courts are collateral in a broad sense .... [A]lthough the normal presumption is that the parties intend a written contract to be exclusive evidence of their intentions, it is always open to a party to show that in fact the writing did not exclusively represent their intentions, because of a 'collateral' contract made during the negotiations but not incorporated in the written instrument." P.S. Atiyah, An Introduction to the Law of Contract 80-81, 161 (3d ed. 1981).
engineering, procurement, and construction contract
A fixed-price, schedule-intensive construction contract - typically used in the construction of single-purpose projects, such as energy plants - in which the contractor agrees to a wide variety of responsibilities, including the duties to provide for the design, engineering, procurement, and construction of the facility; to prepare start-up procedures; to conduct performance tests; to create operating manuals; and to train people to operate the facility. - Abbr. EPC contract. - Also termed turnkey contract. See SINGLE-PURPOSE PROJECT.