What is the estimation period under the Construction Industry Law?
Explanation of submission deadlines and legal basis! An introduction to the basics of the estimation period stipulated by the Construction Industry Law and its background.
In the construction industry, in order for the main contractor and subcontractor to build a healthy business relationship, it is essential to set an appropriate estimation period at the request stage and accurately convey the necessary information. The Construction Business Act specifically stipulates the estimation period and its notification method, and neglecting this can lead to administrative guidance or a risk of losing credibility. This article will provide a detailed explanation of the minimum number of days for the estimation period based on Article 20 of the Construction Business Act and the enforcement order, the rules for the starting date, the conditions under which a reduction is permitted in unavoidable circumstances, and actions that are considered an abuse of superior bargaining position. Additionally, it will cover internal rules, checklists, and key points for manualization to prevent troubles in advance, offering practical tips for everyone involved in the construction industry to engage in estimation request tasks with peace of mind. *For detailed content of the article, please refer to the PDF document. For more information, feel free to contact us.*
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