12 2 Contracts

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12 2 Contracts

  1. 1. Landscape Contracting Plant: Holly – Nelly Stevens Term: Contract
  2. 2. “Nellie Stevens” Holly <ul><li>Genus name: Ilex x Nellie Stevens </li></ul><ul><li>Plant type: Evergreen Tree </li></ul><ul><li>USDA Hardiness Zones: 6a to 9a </li></ul><ul><li>Height: 15 to 20’ Spread: 6-10’ </li></ul><ul><li>Exposure: partial shade to full sun </li></ul><ul><li>Bloom Color: White </li></ul><ul><li>Bloom Time: Spring </li></ul><ul><li>Leaf Color: Green </li></ul><ul><li>Growth Rate: average </li></ul><ul><li>Classic Pyramidal Shaped Holly Tree </li></ul><ul><li>All are female trees (have red berries) </li></ul><ul><li>Male version is “Edward Stevens” Holly </li></ul>
  3. 3. Contract <ul><li>An agreement between two parties that describes services and materials that will be provided in return for an established payment </li></ul><ul><li>Can be informal: “gentleman’s agreement” with a verbal agreement & a handshake </li></ul><ul><li>Can be a formal written document signed by both parties </li></ul><ul><li>Written documents protect signers from misunderstandings & lawsuits </li></ul>
  4. 4. Parts of a contract <ul><li>Company Name </li></ul><ul><li>Client Name </li></ul><ul><li>Description of services </li></ul><ul><li>Terms of completion </li></ul><ul><li>Terms of Payments </li></ul><ul><li>Signatures of parties </li></ul><ul><li>Date entered </li></ul>
  5. 5. Types of Parties The Client (Property Owner) Smith Grading Co (Site Prep) Subcontractor Wilson Stone Mason (Stone Walls) Subcontractor Jones Pools (Fountains) Subcontractor Miller Landscapes Prime Contractor
  6. 6. The Prime Contractor <ul><li>Directly responsible to the owner for the completion of the contract </li></ul><ul><li>May hire subcontractors (subs) to do specific portions of the job </li></ul><ul><li>Will write a contract with the sub to specify terms: subcontract </li></ul><ul><li>Subcontractors are responsible to the Prime Contractor – not the owner. </li></ul>
  7. 7. Subcontractors <ul><li>The landscape contractor could be a subcontract to the general contractor in a total building project </li></ul>Client General Contractor Site Preparation Home Construction Landscape Construction
  8. 8. How Contractors are Selected <ul><li>Direct Solicitation of Clients </li></ul><ul><li>Client Selects Contractor </li></ul><ul><li>Contractor submits selected bid </li></ul>
  9. 9. Competitive Bids <ul><li>Often required by law – especially for government jobs (public sector) </li></ul><ul><li>See example </li></ul><ul><li>Government will post a “solicitation for bids” </li></ul><ul><li>All bids must meet the specifications written for the job </li></ul><ul><li>Contractors submit sealed bids – contractors don’t know what others submitted </li></ul><ul><li>Client selects contractor based on price – usually the lowest, but not always </li></ul>

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