Significance of the Notice of award.
Construction project generally
starts with award related to the construction contract. It is accomplished by
the issuance of a notice of award form which is printed before. Giving of
notice of award form is like legal effect to the issuance of intent letter.
It makes the owner to sign the
contract with contractor. The contractor should do the given work in given time
period.
It is not all relating to
authorizing the construction starting, as there is no work started till then contractor
agreement is signed by parties relating to the project.
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