Liability of a Contractor in the Contract for Work in Investment Construction

71 Abstract Thesis, as the title suggests, is focused mainly on the liability of a contractor resulting from contracts for work concluded by parties in order to execute large industrial works. Capital construction is economically significant branch of industry both from national and international perspective. Czech law regulates capital construction, as far as private law is concerned, mainly by Commercial Code in it's articles dedicated to general regulation of contract for work. Capital construction requires sufficiently detailed contractual arrangements of mutual rights and obligations. Detailed arrangements concluded by parties are necessary due to the complexity, technical, technological, time, material, financial and personal demandingness of the subject matter of work along with long-term character of mutual relations and high risk of amendment of legislation. Thesis deals with usual arrangements of contracts concluded by parties in practice related to the liability of a contractor in capital construction. Besides the thesis displays the amount of risk the contractors bear and the scope of their liability in case of breach of the contracted obligations. The most important terms used in practice are described in the introduction of the thesis. These terms originate from formerly valid Economic Code,..