Frustration, Default and Termination - NZS 3910:2023
A Practical Commentary on the 3910 Form of Contract
New Zealand Estimating and Surveying
A Practical Commentary on the 3910 Form of Contract New Zealand Estimating and Surveying
Demystifies the NZS 3910
Created by our expert team of Senior Quantity Surveyors (QS) to help you navigate and understand the complexities of defects liability and its management within construction contracts.
Drawing on extensive experience in defects management and contract administration, our specialists have broken down the essential components of handling defects, from initial notification through to final completion certification under the latest NZS 3910.
Key Learning Objectives in:
Frustration, Default and Termination
Understanding Contract Frustration
Master the principles of contract frustration, including identification of frustrating events and the procedures for termination when contracts become impossible to perform.
Managing Default Scenarios
Develop expertise in handling defaults by either party, including steps for notification, remediation periods, and consequences of unremedied defaults.
Contract Termination Procedures
Learn the proper procedures for contract termination, including grounds for termination, notice requirements, and financial settlements following termination.
Effective Notice Requirements
Understand the requirements for serving notices, including methods of service, timing considerations, and evidence retention for electronic communications.
Clear explanation of contract termination rights and obligations
Practical guidance for managing defaults and frustration
Step-by-step procedures for serving notices effectively
Expert insights into financial settlements post-termination
Access to our specialised learning platform
Topics in this commentary:
Specifications:
Pace
Self Paced & Online
Subject
Understanding the NZS 3910:2023
Platform
NZES Online Platform
Level
Introductory to Advanced
Covers Clause:14.114.214.315.1
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Frustration, Default and Termination