a. True, Early claim recognition guarantees that a party that it can be given notice in a way that gather and keep the proof required to support the assertion.
More about Early claim recognition:
Lawful recognition of claim, which may involve approval or the awarding of rights, is the formal acknowledgement of a situation or fact in a jurisdiction as being genuine, valid, legal, or deserving of consideration.
To successfully resolve disputes that arise during construction, especially those involving additional effort and pay, early recognition of possible claims is crucial.
A recognised claim is the portion of an authorised claimant's loss that is determined to be compensable in accordance with the Notice's Plan of Allocation or any other Plan of Allocation that the Court deems appropriate.
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