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Contracts and their Management focuses on the underlying concepts and principles behind various clauses in a contract, supporting them with case law to explain the practical side of the subject. The book serves as a handbook of reference to those engaged in contract negotiations, contract management, procurement and implementation of projects in public and private sectors. The present edition examines the changes introduced by the Arbitration and Conciliation (Amendment) Act 2015 in the context of contracts and their administration. It covers all significant decisions of the Supreme Court. The appendices to the book contain specimen clauses in a contract; rules relating to public procurement, national and international competitive bidding; updated Central Vigilance Commission guidelines on tender procedure; common flaws in contracts; and salient features of the World Bank procedures for procurement of goods, works and non-consulting services and for appointment of consultants. The book will not only serve as a handy reference to experts dealing in contractual relations but also introduce to beginners the generally accepted principles and key elements in a contract. This book will be an invaluable reference for lawyers, senior executives and managers in engineering, procurement and finance.
