Claim
A demand for additional time or payment under the contract due to unforeseen circumstances or changes.
Claims arise when parties seek compensation for perceived breaches of contract, often related to delays, changes, or unforeseen conditions. Proper documentation and clear contract terms are essential for resolving claims efficiently. Effective claim management helps maintain relationships, avoids costly disputes, and ensures projects remain on track despite challenges, highlighting the importance of proactive risk management and communication throughout the project.
Used in a sentence
The contractor filed a claim for delays caused by weather.
Synonyms/variation
Dispute
Demand
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