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Doctrine of Privity, A Vanishing Point in Infrastructure

Ever since the Indian economy opened up its doors to globalization in 1991, it started realizing the importance of building a robust infrastructure. After all, more industries in well developed industrial areas mean increased employment opportunities. Well-laid roads, airports and sea ports offer faster surface/air/sea transportation. A construction contract may be negotiated for the construction of a single asset such as a bridge, building, dam, pipeline, road, ship or tunnel. A construction contract may also deal with the construction of a number of assets which are closely interrelated or interdependent in terms of their design, technology and function or their ultimate purpose or use; examples of such contracts include those for the construction of refineries and other complex pieces of plant or equipment.