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International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 11 | Nov 2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 515
E-CONTRACTING TECHNIQUE IN CONSTRUCTION PROJECT
A LITERATURE REVIEW
Mr. A VARADHARAJ1, Ms. AMRUTHA D K2
1Assistant Professor, Department of Civil Engineering, RVS Technical Campus, Coimbatore-641402, India
2PG student, Department of Civil Engineering, RVS Technical Campus, Coimbatore-641402, India
-------------------------------------------------------------------------***------------------------------------------------------------------------
Abstract - E--contract is an avail to drafting and negotiating
prosperous contracts for consumer and contractor and
cognate inns. It is designed to availhumans informulating and
implementing business contracts regulations inside e-
contract. Advances in telecommunications and computer
technologies in recent years have made laptop networks a
crucial part of the financial infrastructure. Increasingly
corporations are facilitating transactions over internet.
Key Words: E-commerce, E-contract, Click wrap, Shrink
wrap, Acceptance, Information Technology
1. INTRODUCTION
The fundamental structureofthesociety runsonthe
concept of supply and demand, consolation and delectation
of lifestyles. Understanding of someone for certain rights or
to incur sure responsibilities, while apperceived via law, is
called a contract. A settlement is an acquiescent enforceable
by using regulation which gives personal rightsandimposes
private obligations; which the regulation bulwarks and
enforces towards the events toanacquiescent.Traditionally,
the contracts was paper based, but with the introduction of
internet, corporations are departing from the notion of
conventional based contractsandaregoingonline.Thisshift
from paper based contracts to on-line contracts has led to
the emergence of new species of agreement i.e. “digital
contracts”. It means a contract shaped electronically. an e-
contract is a settlement modelled, completed and enacted
by means of a software program machine. Contract may be
described in diverse ways as below: the Indian contract act,
1872, defines settlement as “a settlement enforceable
through law. Consistent with black regulation’s dictionary,
“settlement is a settlement between two or more people
which creates an obligation to do or not to do a specific
aspect.” Written or spoken settlement specifically one
enforceable by using regulation.”
This paper deals with various features of E-contracting,
collected from published papers of various authors.
2. LITERATURE REVIEW
Literature survey is a fundamental part of any venture.
Literature survey needs to be performed to recognize
various aspects of the assignment and it helps within the
success of completion of the venture. A nicely planned
literature evaluation is characterized by a logical flow of
ideas, modern and applicable references with steady
appropriate referencing style. It conveys an intensive
records approximately the venture. In reaction to latest and
expected future boom in long-distance commerce the use of
digital media consisting of the internet, a few commentators
have counseled that felony and economic institutions will
must trade considerably in reaction to new technologies of
change, within the identical manner that they didin reaction
to the fundamental technological and organizational
innovations of the 18th and 19th centuries. Others have
taken a greater skeptical position, arguing that recent
developments are higher viewed as adjustments of diploma
in preference to of kind, and that they may be
accommodated with the aid ofextendingandeditingexisting
arrangements in a greater evolutionary fashion.
Amoolya Khurana et.al., (2006) Today with the recent
advancement in the areas of computer technology,
telecommunications technology, software and information
technology have resulted in changing the standard of living
of people in an unimaginable way. The communication is no
more restricted due to the constraints of geography and
time. Information is transmitted and received widely and
more rapidly than ever before. And this is where the
electronic commerce offers the flexibility to business
environment in terms of place, time, space, distance, and
payment. With the growth of ecommerce, there is a rapid
advancement in the use of e-contracts
Ayyappan Palanissamy et.al., (2013) Contracts have
become so common in daily life that most of the time we do
not even realize that we have entered into one. In the
electronic age, the whole transaction can be completed in
seconds, with both parties simply affixing their digital
signatures to an electronic copy of the contract. There was
initially an apprehension amongst the legislatures to
recognize this modern technology, but now many countries
have enacted laws to recognize electronic contracts.
Malaysia has enacted legislations on e-commerce in
compliance with international organizations. This paper
seeks to identify the recent trends and developments on
electronic contracting globally and in Malaysia and an
overview of e-commerce developments in the neighboring
land, Singapore, which was the first country to adopt the
UNCITRAL model law on ecommerce. The paper also
examines relevant Malaysian legislations on e-commerce
and the adequacy of the existing law in protecting e-
consumers.
Emily M. Weitzenboeck et.al., (2001) An analysis is made
of the increasingly active role of electronic agents,especially
intelligent agents, in the negotiation and formation of
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 11 | Nov 2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 516
contracts. Among the differentdoctrinal solutionsthatmight
be applicable is to consider conferring some degree of legal
personality on agents or, at the other extreme, to treat them
as mere communication tools. Anotheralternativediscussed
is whether intelligent agents should be considered as agents
under the law of agency. Following an analysis of the two
main theories of consent – the subjective and the objective
theories – it is argued that the objective theory is applicable
to the use of electronic agents in contracting. There is then a
short examination of some enacted legislation thatdeal with
contract formation through the involvement of electronic
agents.
Anil Upadhyay et.al., (2016) Delays are very common in
maximum construction projects all over in the world. Some
delays may take place in the preconstruction phase which is
well-defined as the period start from the primary idea of the
construction project to the formal acceptance of the
agreement among the owner and the contractor; but some
delays may occur in the construction period that is the
duration between the real construction works is start and
end. Construction Project schedulesareusuallydynamicand
uncertain. A number of controllable and uncontrollable
issues can seriously interrupt the project strategy and
generate a tendency of delays. Theseall factorsarerelatedto
Contractor, Owner, Designer, Consultant, Material,
Equipment, Labor, Project and External/Environment.
Contractor related factors of delay are considered most
important factors. In this paper, I have explained various
delay factors related to the contractor.
Jennifer E. Hill et.al., (2003)Aninternational salescontract
writing in the following manner or the purposes of this
Convention.writing.Includestelegramandtelexaccordingly,
the term writing deems telegram and telex as acceptable
contracting methods, but remains silent on computer-based
contracts, such as electronic data interchange (.EDI.), the
Internet, click-wrap and shrink-wrap agreements, and e-
mail. As a result, the CISG, the seminal convention governing
international sales, contains a vital gap by remaining silent
on electronic or computer-based contracts in international
sales transactions.28 This gap questions legitimacy of
Twenty-first Century commercial contracting methods that
international commercial parties bound by this Convention
currently rely on to facilitate their transactions.
Christopher N. Preece et.al., (2014) Numerous types of
construction procurement systems have been developed for
project implementation. However, previousstudieshave not
focused on subsequent managerial strategiesandtheproject
organizational forms to be adopted towards the selected
procurement system. This research proposes that further
managerial theories are required to enhance the project
performance and effectiveness.Therefore,thispaperaimsto
extract the principles of projectzed and non projectized
organizations and incorporate them with the selected
procurement systems at the project level. A mechanism for
assessing the key areas of compatibilitywasdevelopedusing
the well-established McKinsey 7 S model. The paper shows
that the characteristics of the organizational principles are
complementary with the procurement systems. It
contributes an insight for future strategic organization and
management at the project level in construction.
Avery Wiener Katz et.al, (2014) The growth of electronic
commerce reflects changes in the relative importance of
various institutional transaction costs such as the costs of
information and of searching for contractual partners.
Accordingly, arrangements that were optimal or at least
reasonably satisfactory under previous configurations of
transaction costs may no longer be so under those
configurations that will develop in the future. This essay,
accordingly, sketches out some of the ways in which the
doctrines and regulations of contract law might need to
change in an electronic setting, and offers an economic
framework for evaluating such changes.
Mariana Nagy et.al., (2011)Teachingaspectsrelatedtothe
Electronic Contract is a real challenge in the field of
education, needing collaboration between jurists,
economists and computer specialists. The study aims at
designing and testing a didactic approach to the Electronic
Contract vs. Classical or Traditional Contract in ordertogive
a comprehensive understanding for traders and students.
The target group consists of Long Life Learning students in
economics and law. The main result of the work is the
related section in the course book itself, including a
theoretical part, examples, explanations and practice aid. A
preliminary research, by applying a short questionnaire,
reveals that after one year of teaching (2 series), 42% of
students used at least one of the forms of the electronic
contracting - either as one of the contracting parties or in
their practice.
Haitham.N.Nasr et.al.,(2015) Model Law on Electronic
Commerce, Electronic data interchange (EDI) means the
electronic transfer from computer to computer of
information using an agreed standard to structure the
information". The United Nations Commission on
International Trade Law which adopted the Model Law on
Electronic Commerce saw that the aforementioned
identification can be used in all electronic information
including contracting and various commercial acts.
Ahmed Tarek et.al.,(2015) Nodoubtthatthetechnological
evolution and its wide range usageinvariousfieldsbecamea
part of our daily lives, accompanied by this evolution, it's
usage between people in civil and commercial transactions
grew significantly., And that growth dictatedthenecessityof
issuance laws in order to manage this usage through setting
conditions and regulations to avoidtheusersfrom becoming
victims of electronic fraud and scams, also to criminalize
such acts and to set general terms and explicit rules to be
legally binding.
Himanshu Agrawal et.al., (2016) At present, the
construction industry is the second biggest industryinIndia.
Study and knowledge of factors cause schedule delay in
construction projects are very essential because they cause
losses to the leading organizations and also affect the
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 11 | Nov 2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 517
economics of the construction trade. Basic knowledge of
project schedule delay for the duration of the whole project
can save money and time. Contractors should take proper
care in the project planning and scheduling. Experienced
contractor should be hire in the construction projects for
timely completion of project.
Paul Stephenson et.al., (2008) This research is primarily
concerned with establishing the currentstatus,practicalities
and resource effectiveness of e-tendering . Results are
provided from an industry survey which includes both
quantitative and qualitative data. A case study
implementation is also included which assesses the
utilization of e-tendering software in practice. The research
findings indicated that e-tendering can provide substantial
resource savings to a major part of the supplychain,withthe
key benefits being enhanced communication, time savings
and reduced costs.
Mason. J et.al., (2017) The idea that there will beintelligent
contracts paying for performanceuponthesensorssignaling
compliance is unlikely to be achievable in a vacuum.There is
a link with the range of advances required for the
collaborative agenda to be re-imagined for the digital age.
The advances in BIM, in multi-party contracts, in project
insurance can all be seen as pieces of the jigsaw. The
discussion has demonstrated the deeply held perceptions
and nervousness of key stakeholders towards intelligent
contracts. The business case for their adoption must remain
the focus whilst technology overcomes the temporary
barriers of reliability and interoperability. Ultimately,
addressing these concerns is a waiting game for the
technology to reach the stage in its maturity where it works
and the public have enough faith in the ability to deliver.
Avery Wiener Katz et.al., (2015) Demonstrate two main
lessons. First, the basic economic analysisofcontractlawcan
be extended in fairly straightforward fashion to the
problems of electronic commerce. In this regard, our
discussion lends support to those commentators who have
argued that the rise of electronic commerce poses few new
conceptual challenges to existing legal analysis. But second,
the relative costs of particular precautionsand expenditures
are different in electronic settings than in traditional ones,
and this difference in relative cost suggest thatthebalancing
of policy considerations may well come out differently,
justifying changes at the level of application of law if not at
the level of theory.
3. CONCLUSIONS
The use of Information and Communication (ICT)
Technology inside the production enterprisecancause great
efficiencies within the management of projects and is
drastically used as a means of coping with and recording
production initiatives. This report has recognized the felony
and security dangers which could rise up when production
contracts are shaped, administered and recorded inside an
electronic environment and has encouraged steps that
events may take to solve or limit those dangers. With the aid
of referring and analyzingtheevaluationsit'sfaramplyclean
that it has to exercise its discretion in any such manner to
sell transparency inside the contracting without any
discrimination. And so far it has been discussed about the
exceptional varieties of e agreement and their evolution.
The conclusion obtain is the electronic switch of
information from computers to computer, the use of an
agreed settlement to shape the contract. These contracts
provide direct change of enterprise data among the parties
via computer systems, in computer process capable format
and are commonly used by the events having persisted
commercial enterprise relationship and how should
contracts be regulated, rather than which public licit
institutions should be responsible for regulating them.
REFERENCES
[1] Asli Pelin Gurgun, David Arditi And Pablo Casals Vilar,
Berning, p.w. & diveley-coyne,s.,2000,‘e-commerceand
the construction industry: the revolution is here’,
available at http://www.constructionweblinks.com/
resources/industry_reports__newsletters/oct_2_2000/e
-commerce.htm (accessed on15 december 2017).
[2] Comparative approach of the electronic contract and
classical Contract, in teaching the content of the new
civil code in Romania- law 287/2009 on the new civil
code, published in om 505/2011, valid since 1.10.2011,
updates 2013.
[3] Legal issues in e-commerce and e-contracting – an
Overview of initiatives- ayyappan palanissamy
international journal of e-education, e-business, e-
management and e-learning, vol. 3, no. 2, april 2013.
[4] Improving construction procurement systems Using
organizational strategies- christopher n. Preecepatrick,
f. Multi-project constraint management: the ‘‘critical
chain”Approach. In: dinsmore pc, cabanis-brewin j.
(eds.), the ama Handbook of project management.
Amacom american managementl:New york, 2006
[5] Is electronic contracting different? Contract law in the
information age Avery wiener katz-Electronic agents
and the formationofcontracts-Emilym.Weitzenboeck1-
see karnow, future codes: essays in advanced computer
technology and law, (artech house:Boston/london
1997), p. 178.
[6] a study: contractor related delay factors in construction
Anil upadhyay1, himanshu agrawal2, hanish jain3
[7] Abd. Majid, m.z. and mccaffer, r. (1998) factors of non-
excusable delays that influence contractors’
performance. Journal of management in engineering,
asce. May/june, pp: 4249.
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 05 Issue: 11 | Nov 2018 www.irjet.net p-ISSN: 2395-0072
© 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 518
[8] Mariana Nagy and petru tărchilă (2015) ’ comparative
approach of the electronic contract and classical
contract’, procedia - social and behavioral sciences 191.
[9] Mason. J and youssry saleh & partners (2017)’ the legal
truth of e-contracts’- the content of this article is
intended to provide a general guide to the subject
matter. Specialist advice should be sought about your
specific circumstances.
[10] Paul stephensonandpeterschlechtriem,(2008)’uniform
sales law. The un convention on contracts for the
international sale of goods 17-2

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  • 1. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 11 | Nov 2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 515 E-CONTRACTING TECHNIQUE IN CONSTRUCTION PROJECT A LITERATURE REVIEW Mr. A VARADHARAJ1, Ms. AMRUTHA D K2 1Assistant Professor, Department of Civil Engineering, RVS Technical Campus, Coimbatore-641402, India 2PG student, Department of Civil Engineering, RVS Technical Campus, Coimbatore-641402, India -------------------------------------------------------------------------***------------------------------------------------------------------------ Abstract - E--contract is an avail to drafting and negotiating prosperous contracts for consumer and contractor and cognate inns. It is designed to availhumans informulating and implementing business contracts regulations inside e- contract. Advances in telecommunications and computer technologies in recent years have made laptop networks a crucial part of the financial infrastructure. Increasingly corporations are facilitating transactions over internet. Key Words: E-commerce, E-contract, Click wrap, Shrink wrap, Acceptance, Information Technology 1. INTRODUCTION The fundamental structureofthesociety runsonthe concept of supply and demand, consolation and delectation of lifestyles. Understanding of someone for certain rights or to incur sure responsibilities, while apperceived via law, is called a contract. A settlement is an acquiescent enforceable by using regulation which gives personal rightsandimposes private obligations; which the regulation bulwarks and enforces towards the events toanacquiescent.Traditionally, the contracts was paper based, but with the introduction of internet, corporations are departing from the notion of conventional based contractsandaregoingonline.Thisshift from paper based contracts to on-line contracts has led to the emergence of new species of agreement i.e. “digital contracts”. It means a contract shaped electronically. an e- contract is a settlement modelled, completed and enacted by means of a software program machine. Contract may be described in diverse ways as below: the Indian contract act, 1872, defines settlement as “a settlement enforceable through law. Consistent with black regulation’s dictionary, “settlement is a settlement between two or more people which creates an obligation to do or not to do a specific aspect.” Written or spoken settlement specifically one enforceable by using regulation.” This paper deals with various features of E-contracting, collected from published papers of various authors. 2. LITERATURE REVIEW Literature survey is a fundamental part of any venture. Literature survey needs to be performed to recognize various aspects of the assignment and it helps within the success of completion of the venture. A nicely planned literature evaluation is characterized by a logical flow of ideas, modern and applicable references with steady appropriate referencing style. It conveys an intensive records approximately the venture. In reaction to latest and expected future boom in long-distance commerce the use of digital media consisting of the internet, a few commentators have counseled that felony and economic institutions will must trade considerably in reaction to new technologies of change, within the identical manner that they didin reaction to the fundamental technological and organizational innovations of the 18th and 19th centuries. Others have taken a greater skeptical position, arguing that recent developments are higher viewed as adjustments of diploma in preference to of kind, and that they may be accommodated with the aid ofextendingandeditingexisting arrangements in a greater evolutionary fashion. Amoolya Khurana et.al., (2006) Today with the recent advancement in the areas of computer technology, telecommunications technology, software and information technology have resulted in changing the standard of living of people in an unimaginable way. The communication is no more restricted due to the constraints of geography and time. Information is transmitted and received widely and more rapidly than ever before. And this is where the electronic commerce offers the flexibility to business environment in terms of place, time, space, distance, and payment. With the growth of ecommerce, there is a rapid advancement in the use of e-contracts Ayyappan Palanissamy et.al., (2013) Contracts have become so common in daily life that most of the time we do not even realize that we have entered into one. In the electronic age, the whole transaction can be completed in seconds, with both parties simply affixing their digital signatures to an electronic copy of the contract. There was initially an apprehension amongst the legislatures to recognize this modern technology, but now many countries have enacted laws to recognize electronic contracts. Malaysia has enacted legislations on e-commerce in compliance with international organizations. This paper seeks to identify the recent trends and developments on electronic contracting globally and in Malaysia and an overview of e-commerce developments in the neighboring land, Singapore, which was the first country to adopt the UNCITRAL model law on ecommerce. The paper also examines relevant Malaysian legislations on e-commerce and the adequacy of the existing law in protecting e- consumers. Emily M. Weitzenboeck et.al., (2001) An analysis is made of the increasingly active role of electronic agents,especially intelligent agents, in the negotiation and formation of
  • 2. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 11 | Nov 2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 516 contracts. Among the differentdoctrinal solutionsthatmight be applicable is to consider conferring some degree of legal personality on agents or, at the other extreme, to treat them as mere communication tools. Anotheralternativediscussed is whether intelligent agents should be considered as agents under the law of agency. Following an analysis of the two main theories of consent – the subjective and the objective theories – it is argued that the objective theory is applicable to the use of electronic agents in contracting. There is then a short examination of some enacted legislation thatdeal with contract formation through the involvement of electronic agents. Anil Upadhyay et.al., (2016) Delays are very common in maximum construction projects all over in the world. Some delays may take place in the preconstruction phase which is well-defined as the period start from the primary idea of the construction project to the formal acceptance of the agreement among the owner and the contractor; but some delays may occur in the construction period that is the duration between the real construction works is start and end. Construction Project schedulesareusuallydynamicand uncertain. A number of controllable and uncontrollable issues can seriously interrupt the project strategy and generate a tendency of delays. Theseall factorsarerelatedto Contractor, Owner, Designer, Consultant, Material, Equipment, Labor, Project and External/Environment. Contractor related factors of delay are considered most important factors. In this paper, I have explained various delay factors related to the contractor. Jennifer E. Hill et.al., (2003)Aninternational salescontract writing in the following manner or the purposes of this Convention.writing.Includestelegramandtelexaccordingly, the term writing deems telegram and telex as acceptable contracting methods, but remains silent on computer-based contracts, such as electronic data interchange (.EDI.), the Internet, click-wrap and shrink-wrap agreements, and e- mail. As a result, the CISG, the seminal convention governing international sales, contains a vital gap by remaining silent on electronic or computer-based contracts in international sales transactions.28 This gap questions legitimacy of Twenty-first Century commercial contracting methods that international commercial parties bound by this Convention currently rely on to facilitate their transactions. Christopher N. Preece et.al., (2014) Numerous types of construction procurement systems have been developed for project implementation. However, previousstudieshave not focused on subsequent managerial strategiesandtheproject organizational forms to be adopted towards the selected procurement system. This research proposes that further managerial theories are required to enhance the project performance and effectiveness.Therefore,thispaperaimsto extract the principles of projectzed and non projectized organizations and incorporate them with the selected procurement systems at the project level. A mechanism for assessing the key areas of compatibilitywasdevelopedusing the well-established McKinsey 7 S model. The paper shows that the characteristics of the organizational principles are complementary with the procurement systems. It contributes an insight for future strategic organization and management at the project level in construction. Avery Wiener Katz et.al, (2014) The growth of electronic commerce reflects changes in the relative importance of various institutional transaction costs such as the costs of information and of searching for contractual partners. Accordingly, arrangements that were optimal or at least reasonably satisfactory under previous configurations of transaction costs may no longer be so under those configurations that will develop in the future. This essay, accordingly, sketches out some of the ways in which the doctrines and regulations of contract law might need to change in an electronic setting, and offers an economic framework for evaluating such changes. Mariana Nagy et.al., (2011)Teachingaspectsrelatedtothe Electronic Contract is a real challenge in the field of education, needing collaboration between jurists, economists and computer specialists. The study aims at designing and testing a didactic approach to the Electronic Contract vs. Classical or Traditional Contract in ordertogive a comprehensive understanding for traders and students. The target group consists of Long Life Learning students in economics and law. The main result of the work is the related section in the course book itself, including a theoretical part, examples, explanations and practice aid. A preliminary research, by applying a short questionnaire, reveals that after one year of teaching (2 series), 42% of students used at least one of the forms of the electronic contracting - either as one of the contracting parties or in their practice. Haitham.N.Nasr et.al.,(2015) Model Law on Electronic Commerce, Electronic data interchange (EDI) means the electronic transfer from computer to computer of information using an agreed standard to structure the information". The United Nations Commission on International Trade Law which adopted the Model Law on Electronic Commerce saw that the aforementioned identification can be used in all electronic information including contracting and various commercial acts. Ahmed Tarek et.al.,(2015) Nodoubtthatthetechnological evolution and its wide range usageinvariousfieldsbecamea part of our daily lives, accompanied by this evolution, it's usage between people in civil and commercial transactions grew significantly., And that growth dictatedthenecessityof issuance laws in order to manage this usage through setting conditions and regulations to avoidtheusersfrom becoming victims of electronic fraud and scams, also to criminalize such acts and to set general terms and explicit rules to be legally binding. Himanshu Agrawal et.al., (2016) At present, the construction industry is the second biggest industryinIndia. Study and knowledge of factors cause schedule delay in construction projects are very essential because they cause losses to the leading organizations and also affect the
  • 3. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 11 | Nov 2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 517 economics of the construction trade. Basic knowledge of project schedule delay for the duration of the whole project can save money and time. Contractors should take proper care in the project planning and scheduling. Experienced contractor should be hire in the construction projects for timely completion of project. Paul Stephenson et.al., (2008) This research is primarily concerned with establishing the currentstatus,practicalities and resource effectiveness of e-tendering . Results are provided from an industry survey which includes both quantitative and qualitative data. A case study implementation is also included which assesses the utilization of e-tendering software in practice. The research findings indicated that e-tendering can provide substantial resource savings to a major part of the supplychain,withthe key benefits being enhanced communication, time savings and reduced costs. Mason. J et.al., (2017) The idea that there will beintelligent contracts paying for performanceuponthesensorssignaling compliance is unlikely to be achievable in a vacuum.There is a link with the range of advances required for the collaborative agenda to be re-imagined for the digital age. The advances in BIM, in multi-party contracts, in project insurance can all be seen as pieces of the jigsaw. The discussion has demonstrated the deeply held perceptions and nervousness of key stakeholders towards intelligent contracts. The business case for their adoption must remain the focus whilst technology overcomes the temporary barriers of reliability and interoperability. Ultimately, addressing these concerns is a waiting game for the technology to reach the stage in its maturity where it works and the public have enough faith in the ability to deliver. Avery Wiener Katz et.al., (2015) Demonstrate two main lessons. First, the basic economic analysisofcontractlawcan be extended in fairly straightforward fashion to the problems of electronic commerce. In this regard, our discussion lends support to those commentators who have argued that the rise of electronic commerce poses few new conceptual challenges to existing legal analysis. But second, the relative costs of particular precautionsand expenditures are different in electronic settings than in traditional ones, and this difference in relative cost suggest thatthebalancing of policy considerations may well come out differently, justifying changes at the level of application of law if not at the level of theory. 3. CONCLUSIONS The use of Information and Communication (ICT) Technology inside the production enterprisecancause great efficiencies within the management of projects and is drastically used as a means of coping with and recording production initiatives. This report has recognized the felony and security dangers which could rise up when production contracts are shaped, administered and recorded inside an electronic environment and has encouraged steps that events may take to solve or limit those dangers. With the aid of referring and analyzingtheevaluationsit'sfaramplyclean that it has to exercise its discretion in any such manner to sell transparency inside the contracting without any discrimination. And so far it has been discussed about the exceptional varieties of e agreement and their evolution. The conclusion obtain is the electronic switch of information from computers to computer, the use of an agreed settlement to shape the contract. These contracts provide direct change of enterprise data among the parties via computer systems, in computer process capable format and are commonly used by the events having persisted commercial enterprise relationship and how should contracts be regulated, rather than which public licit institutions should be responsible for regulating them. REFERENCES [1] Asli Pelin Gurgun, David Arditi And Pablo Casals Vilar, Berning, p.w. & diveley-coyne,s.,2000,‘e-commerceand the construction industry: the revolution is here’, available at http://www.constructionweblinks.com/ resources/industry_reports__newsletters/oct_2_2000/e -commerce.htm (accessed on15 december 2017). [2] Comparative approach of the electronic contract and classical Contract, in teaching the content of the new civil code in Romania- law 287/2009 on the new civil code, published in om 505/2011, valid since 1.10.2011, updates 2013. [3] Legal issues in e-commerce and e-contracting – an Overview of initiatives- ayyappan palanissamy international journal of e-education, e-business, e- management and e-learning, vol. 3, no. 2, april 2013. [4] Improving construction procurement systems Using organizational strategies- christopher n. Preecepatrick, f. Multi-project constraint management: the ‘‘critical chain”Approach. In: dinsmore pc, cabanis-brewin j. (eds.), the ama Handbook of project management. Amacom american managementl:New york, 2006 [5] Is electronic contracting different? Contract law in the information age Avery wiener katz-Electronic agents and the formationofcontracts-Emilym.Weitzenboeck1- see karnow, future codes: essays in advanced computer technology and law, (artech house:Boston/london 1997), p. 178. [6] a study: contractor related delay factors in construction Anil upadhyay1, himanshu agrawal2, hanish jain3 [7] Abd. Majid, m.z. and mccaffer, r. (1998) factors of non- excusable delays that influence contractors’ performance. Journal of management in engineering, asce. May/june, pp: 4249.
  • 4. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 11 | Nov 2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 518 [8] Mariana Nagy and petru tărchilă (2015) ’ comparative approach of the electronic contract and classical contract’, procedia - social and behavioral sciences 191. [9] Mason. J and youssry saleh & partners (2017)’ the legal truth of e-contracts’- the content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. [10] Paul stephensonandpeterschlechtriem,(2008)’uniform sales law. The un convention on contracts for the international sale of goods 17-2