Building contracts define responsibilities and allocate risk between parties in a construction project. The Joint Contracts Tribunal provides standard forms of building contracts for different project sizes and types. The key parties are the employer/owner and contractor. Contracts establish risk management by apportioning risks like delays or unsatisfactory work between the parties.
Construction Contracts: Basics of Contracts and Contract AdministrationGerald R. (Jerry) Genge
The CCDC 2 Stipulated Price Contract is the "go to" document for construction contracts. Learn the basic components and roles of eth parties to the contract.
- Having a brief of FIDIC
- Understand the steps and stages of Contract Management Using FIDIC.
- Understand the Role of PM during construction project to protect the organization Business case.
Construction Contracts: Basics of Contracts and Contract AdministrationGerald R. (Jerry) Genge
The CCDC 2 Stipulated Price Contract is the "go to" document for construction contracts. Learn the basic components and roles of eth parties to the contract.
- Having a brief of FIDIC
- Understand the steps and stages of Contract Management Using FIDIC.
- Understand the Role of PM during construction project to protect the organization Business case.
Training Slides of An Overview of the FIDIC FORMS OF CONTRACTand Contracts Committee Activities .
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
A thorough analysis of FIDIC and it implication on COnstruction industry explained in this presentation for the beginners. It has been broken down to simplified version
Types of Contract in Construction ManagementShahin MB
Types of Contract in Construction Management
Lump Sum Contract
Cost plus Fixed fee
Cost plus bid fee contract
Guaranteed Maximum
Negotiated
Unit price Contract
Design build
turn key contract
This was a presentation delivered by Robert Langley, partner and head of the construction and engineering team at Muckle LLP, on Tuesday 7th October. The event was organised and hosted by the APM North East branch and was entitled 'Project contracts and how they support collaborative working'. It was held at the Radisson Blu hotel in Durham.
Training Slides of An Overview of the FIDIC FORMS OF CONTRACTand Contracts Committee Activities .
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
A thorough analysis of FIDIC and it implication on COnstruction industry explained in this presentation for the beginners. It has been broken down to simplified version
Types of Contract in Construction ManagementShahin MB
Types of Contract in Construction Management
Lump Sum Contract
Cost plus Fixed fee
Cost plus bid fee contract
Guaranteed Maximum
Negotiated
Unit price Contract
Design build
turn key contract
This was a presentation delivered by Robert Langley, partner and head of the construction and engineering team at Muckle LLP, on Tuesday 7th October. The event was organised and hosted by the APM North East branch and was entitled 'Project contracts and how they support collaborative working'. It was held at the Radisson Blu hotel in Durham.
Contracts are the agreements, which can be made either orally or in written statements. Know more about different types of contracts and there use at http://www.samplecontracts.org/
INTERNATIONAL MANUFACTURING CONTRACT - Contract Template and SampleGlobal Negotiator
The International Manufacturing Contract is used when one company arranges for another company in a different country to manufacture its products; in other words, international subcontracting.
Web based Enterprise Asset Management Software System covering Computerized Maintenance Management Software System features including Preventive Maintenance, Work Order Generation, Asset Tracking, Stores and Inventory modules
Web based Enterprise Asset Management Software System covering Computerized Maintenance Management Software System features including Preventive Maintenance, Work Order Generation, Asset Tracking, Stores and Inventory modules
This was a presentation delivered by Dr Jon Broome, chair of the APM Contracts and Procurements specific interest group (SIG), on Tuesday 7th October. The event was organised and hosted by the APM North East branch and was entitled 'Project contracts and how they support collaborative working'. It was held at the Radisson Blu hotel in Durham.
•What is Contract?
•What is Construction Contract?
•Purpose of Construction Contract
•Contract for Bid and Procurement
•Contract for Pricing Arrangement
•Construction Contract Component
•Contract Document List
•Standard Form of Contract in Malaysia
Contract management is the systematic process of creating, administering, and enforcing contracts between two or more parties. It ensures both parties fulfill their obligations as outlined in the agreement and minimizes potential risks.
Contracts provide a legally-enforceable framework for guiding any and every type of business relationship, from employment agreements to orders for parts and supplies. While these agreements are key to guiding business relationships and ventures across all sectors, getting contracts right is especially important within construction, where the ability to complete a build on time, on budget and to code hinges upon all vendor arrangements going as expected. From the builder’s perspective, contracts are also important for preventing scope creep and to reducing the risk of cost overruns they may unexpectedly have to absorb.
Construction management contracts encompass the work and/or materials required for a building project. Typically, they will address:
1)Project/deliverable specifications
2)Labor and material requirements
3)Timelines for completion/delivery
4)Compensation formula and amounts
While construction management agreements will typically include the above, they can be structured differently, with numerous types of contracts that are designed to best meet the needs of all parties under all sorts of different scenarios. Familiarizing yourself with the types of contracts that are typically in play within building projects is an important first step to optimizing all contract-related processes within construction management.
Contracts and Tenders
When two or more persons have common intention communicated to each other to create same obligation between them there is said to be an agreement. An agreement which is enforceable by law is a Contract.
A Tenders is called upon for executing certain specified work, or supplying specified materials; subjected to certain terms and conditions like rates, time limit, etc. It is an offer in written form: Legally speaking, it is an offer to receive an offer for the work, within the specified financial limits.
Check for more presentations at - www.archistudent.net
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
2. What this unit is about
• Why a building contract is needed, and
who signs it
• The types of Standard forms of building
contract that are available from the
“JCT”
• How contracts are used in a building
project
• What other documents constitute the
complete set of “Contract documents”
3. Why do we need building contracts?
• Building works are expensive
– There is a lot of money at stake
• Building works are complex
– There are many different parties involved
• Building works are unpredictable
– Completion may
be delayed
– Builders may got
bankrupt
• Buildings are
needed at specific
times
4. The contract basics
• Building contracts are the same as all
other contracts
– party A promises to do x if party B
promises to do y
• Most commonly one party will promise
to pay the other party for providing a
service or product
– A building owner promises to pay a builder
for providing a new building (This is the
basis of any building contract)
5. What makes building contracts special?
• When you buy an existing product you can
satisfy yourself that it is worth the asking price
before you agree to pay.
• A new building does not exist when the
contract is signed…
– What will it be like?
– How competent is the
builder?
– What if there are
problems or delays?
– What happens if the
client doesn’t pay or
goes bankrupt?
• You need a good contract…
6. Types of contract
• A verbal agreement is a binding
contract, but fraught with perils
– What was agreed?
– Who agreed it?
– When was it agreed?
• A letter of appointment is a binding
contract, but it still will not describe the
building on offer in detail
• Best use a Standard Form of Building
Contract from the JCT
7. Joint Contracts Tribunal
• JCT established in 1931 to draw up agreed
forms of contract for the construction
industry
• Members
– Association of Consulting Engineers
– British Property Federation
– Local Government Association
– National Specialist Contractors Council
– Royal Institute of British Architects
– The Royal Institution of Chartered Surveyors
– Scottish Building Contract Committee Ltd
– Construction Confederation (went bankrupt in 2009)
• Guidance on choosing a contract available at
– www.jctltd.co.uk
8. First principles: the parties to the contract
• The contract exists between two parties
– The employer (the person who will pay
money in return for the completion of the
building, basically the building owner)
– The contractor (the person who will provide
the completed building for the agreed
payment. The contractor will not
necessarily construct the building, but is
responsible for getting it built)
• No one else is party to the main
contract.
9. First principles: the fundamental purpose of the contract
• Risk management
– The contractor runs a risk that he will not
be paid
– The employer runs the risk that the building
may be unsatisfactory in some way
• The contract terms establish the
apportionment of these risks between
the two parties
• Both parties agree to these terms
10. Types of JCT contract
• There are a great number of JCT forms of
contract, suitable for different values of
building projects
• The full range, with explanations of each
type, can be seen on the JCT web site. Look
at them here:
http://www.jctltd.co.uk/category/Contract-families
• The full contracts aim to reduce risk, but are
complex and push up administrative costs
• The simpler contracts keep costs down for
small works, but will not cover all
eventualities.
• The entire suite of contracts was revised in
2011
11. JCT 2011 suite of Building Contracts
1. Standard Building Contract
2. Intermediate Building Contract
3. Minor Works Building Contract
4. Major Project Construction Contract
5. Design and Build Contract
6. Management Building Contract
7. Construction Management contract
8. Constructing excellence Contract-signed by all of
bodies involved in creation of the building
9. Measured Term Contract- covers on-going minor
works
10. Prime Cost Building Contract-costs plus profits
11. Repair and Maintenance Contract
12. Home Owner Contracts
12. Standard Building Contract (SBC)
• This is the base form of contract used
for large, conventional building projects
where a contract supervisor is
employed
• It comes in three main forms,
approximate quantities, full quantities
and no quantities, depending on the
detail available.
13. Intermediate and Minor Works contracts
• These two categories cover projects in
descending scale.
• The demarcation between the size of
projects is never clear. The intention is
not to overburden a small project with a
needlessly bureaucratic overhead
• Each lesser contract increases the
potential risk if there is a problem, but
the scale of potential problems is also
less with reduction in size of project.
14. Management Building Contract
• Used for large, expensive projects
• The Contractor is appointed as a member of
the professional design team
• He/She does not build anything but sub-
contracts all parts of the project
• The benefit is that an experienced builder can
contribute to the development of the design
from the outset, rather than coming in after all
design is completed
• Not generally suitable for small projects
15. Homeowner Contracts
• The HO (Home owner) contracts are for use
in small scale domestic construction
• HO/B: Building Contract for Home
Owner/Occupier (where the client deals
directly with the builder)
• HO/C: Building Contract for Home
Owner/Occupier (who has appointed a
consultant)
• The employer is the owner-occupier of the
house
• The main purpose of these contracts is to
satisfy Unfair Terms in Consumer Contracts
Regulations 1999 .
16. Contract documents
• The formal contract is only one of the so
called “contract documents”
• The others may comprise:
– Contract drawings
– Bills of Quantities
– Specifications
– Schedules of Works
• These are all agreed, signed and kept
safe and unchanged for future
reference.
17. When is the contract used
• If all goes according to plan, the signed
contract documents will remain locked in a
safe and may never consulted.
• If something goes wrong or changes (supplier
fails to deliver, heavy rain delays foundation
works, architect is arrested for
embezzlement…) a good contract should set
out exactly the agreed course of action is to
be followed.
• The prime difference between the forms of
contract is the fineness of the detail of the
potential disasters which are addressed.
18. Project management
• The design is complete
• Permissions are granted
• The contract is signed
• A big project is about to start on site
• Millions of pounds are at stake
• This project needs to be managed
• To be continued…