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A Joint Venture involves only two parties.

A bid can be withdrawn simply because it is too low.

The Differing Site Conditions Clause covers discrepancies between the contract drawings and actual site conditions.

Which clause typically allows a contractor to avoid responsibility for the owner’s actions in a subcontract?

Force Majeure events such as natural disasters are typically considered excusable delays under the Delays and Suspension of Work Clause.

An unlicensed subcontractor can still be fully compensated under The Doctrine of “Quantum Meruit”.

What does the Waiver of Consequential Damages Clause typically cover?

A Conventional Joint Venture’s financial reports need to reflect only the JV project.

Promissory Estoppel may apply even if the subcontractor has not confirmed they will do the work.

A mistake of judgment allows a bidder to withdraw their bid.