A period of usually twelve months following practical completion, during which the employer can require the contractor to return to the site to complete any omissions in the works and to make good any defective work or materials. When all omissions and defects have been made good, the contract administrator or Employer's Agent must issue a certificate or statement of completion of making good defects.
It is same as DLP ie Defect liability period, which is generally 12 months from the completion period of any project.
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
Contractual liability insurance is something purchased to protect a person entering into a contract, when that contract means that they agree to be responsible for any liability.
When it comes to goods and services, warranties are a promise from one party to another that certain things are true and correct, or products will meet a certain criteria. Defects liability period refers to the period of time in which a customer can oblige a supplier to make good on defected items, or issues resulting from a defective service.
How to calculate vat on works contract
limitation of liablity
Liablity assumed in a contract.
how to calculate vat liability under works contract under delhi vat
A contract provision that relieves a party to the contract from liability is known as
By suing the company that made a product with a defect.
Defect, burden, deficiency, and liability. I got these from http://thesaurus.com/browse/disadvantage
You should make sure that the contract includes a guarantee that the remodeling will have no major defect or they should repair the defect. Protect yourself by doing research.