This document provides an overview of contract formulation and management for construction projects. It defines what a contract is and lists the key requirements for a contract to be valid. It also discusses the various documents that make up a construction contract, including the agreement, letter of acceptance, conditions of contract, specifications, drawings, and bill of quantities. Finally, it outlines the major steps in contract formulation, including negotiation, developing the contract documents, and signing the agreement.
The Second Edition of the Rainbow Suite is considerably longer, more detailed. The update addresses issues raised by users over the past 18 years and reflects current international best practice. The presentation analysis changes in Yellow & Silver Books as they apply to EPC & PPP Contracts from the perspectives of Public Entities, Contractors and Lenders.
Overview to Contract Mangement includes the understanding of contract and contract management, it's issues, resources required, contingency plans and detailed analysis at planning stage.
The Second Edition of the Rainbow Suite is considerably longer, more detailed. The update addresses issues raised by users over the past 18 years and reflects current international best practice. The presentation analysis changes in Yellow & Silver Books as they apply to EPC & PPP Contracts from the perspectives of Public Entities, Contractors and Lenders.
Overview to Contract Mangement includes the understanding of contract and contract management, it's issues, resources required, contingency plans and detailed analysis at planning stage.
Clause 14.9 Payment of Retention Money-Understanding Clauses in FIDIC ‘Condit...Divyanshu Dayal
•Retention money is held as a percentage of interim payments.
•Retention money is returned in parts after issue of taking over certificate and after expiry of defects notification period.
•In lieu of retention as percentage of interim payments, the contractor can issue a retention guarantee as agreed by the parties.
Clause 14.1 The Contract Price- Understanding Clauses in FIDIC ‘Conditions of...Divyanshu Dayal
•Contract Price is an agreed amount or lump sum amount for the design, execution and completion of the works, remedying of defects and adjustments.
•The Contract Price is inclusive of all taxes, duties and fees and adjusted as per changes in legislation.
•The Contract Price is linked with variation, legislation, access to site, delay damages, provisional sum, costs, unforeseeable difficulties, employer’s risk etc.
- 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.
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
Clause 14.9 Payment of Retention Money-Understanding Clauses in FIDIC ‘Condit...Divyanshu Dayal
•Retention money is held as a percentage of interim payments.
•Retention money is returned in parts after issue of taking over certificate and after expiry of defects notification period.
•In lieu of retention as percentage of interim payments, the contractor can issue a retention guarantee as agreed by the parties.
Clause 14.1 The Contract Price- Understanding Clauses in FIDIC ‘Conditions of...Divyanshu Dayal
•Contract Price is an agreed amount or lump sum amount for the design, execution and completion of the works, remedying of defects and adjustments.
•The Contract Price is inclusive of all taxes, duties and fees and adjusted as per changes in legislation.
•The Contract Price is linked with variation, legislation, access to site, delay damages, provisional sum, costs, unforeseeable difficulties, employer’s risk etc.
- 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.
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
Online Assignments Australia is pioneer in assignment writing service, Valid contract Assignment Help is based on essential elements of valid contract .
11262014 The Legal Environment of Business, Ch. 6 - Learning.docxhyacinthshackley2629
11/26/2014 The Legal Environment of Business, Ch. 6 - Learning Activity - Week3 - LAW/421 - eCampus
https://newclassroom3.phoenix.edu/Classroom/ToolContainer.jsp?context=co&contextId=OSIRIS:44425562&activityId=96f01290-3b42-490d-be28-e6f95540138d… 1/24
Overview and Formation of Contracts
Learning Outcomes Checklist
After studying this chapter, students who have mastered the material will be able to:
Distinguish between contracts based on categories and apply the correct source of law to specific contracts.
Explain the concept of mutual assent by defining the legal requirement of agreement.
Identify and explain the other requirements for the formation of a valid contract.
List the events that terminate the power of acceptance and distinguish between termination through action of the parties versus
operation of law.
Apply the mailbox rule to resolve a question of when acceptance is effective.
Articulate the legal requirement of consideration and identify which contracts do not require consideration.
Give examples of circumstances where the legal requirements of capacity or legality are at issue.
Explain the concept of enforceability and geniune assent.
Categorize what contracts must be in writing to be enforceable and explain the minimum required terms that satisfy the law.
The law of contracts is one of the most common and important areas of the law that business owners and managers deal with on a dayto
day basis. Everyone working in a business environment will, in one form or another, deal with contracts throughout their career.
Employment contracts, leases, and agreements of sale for assets or land or merchandise are just a few examples of contracts commonly
used in business transactions. The simple act of purchasing office supplies from a local merchant is a form of agreement governed by
contract law.
Formation and legal enforcement of agreements have been recognized since ancient times. As early as 1780 BC, contracts were being
enforced by the Babylonians by virtue of the authority of the Code of Hammurabi. During much of the rule of the Roman Empire, the
Justinian Code included the rule pacta sunt servanda (agreements shall be kept). Many legal scholars, notably Dean Roscoe Pound, have
written extensively on the importance of society recognizing legally enforceable promises and providing remedies for those who suffered
losses. Consider the consequences of failing to provide for legal enforceability of a promise and its impact on the very fabric of civilized
societies.
Since business owners and managers are often involved in daytoday oversight of various agreements and transactions, understanding
contract law reduces risk by limiting liability through the recognition of potential legal issues, crafting an appropriate response, and
implementing a system to ensure compliance. Contract law is also essential to structuring business transactions in strategic ways to
achieve business objectives without excessive risk.
In this.
Formation of Contracts: To form a contract the following steps are the basic steps those should be followed
Firstly a proposal has to be accepted to be a promise;
Secondly then the promise is to be considered to form an agreement;
Finally the agreement should have the enforceability of law to form a lawful contract
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
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Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
1. WOLLEGA UNIVERSITY
Institute of Technology
Department of civil
Engineering
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CONTRACT
Compiled By: Jifara C. (Ass. Lecturer @WU, IOT)
Year: 2017
2. OBJECTIVES
At the end of this session student will be
able to:
Define contract
Identify requirements of contract
Identify purposes of contract
Discharge of contract
Classify contract
Discuss about Contract management
process
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3. 1. Contract
Contract is an agreement between or among two
or more parties where parties abide by the law.
(Civil code of Ethiopia, Art.1675)
‘All contracts are an agreement but not all
agreements are contract.’ why???
The terms of a contract are legally binding and
are enforced by codes of law.
In other words, A Contract is an Agreement
between two or more parties for a certain
consideration that fulfill contract requirements.
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1.1. Introduction
4. 2. REQUIREMENTS OF CONTRACT
To be enforceable in front of law contract
should satisfy the following requirements
According to civil code of Ethiopia (Art. 1678)
No valid contract shall exist unless this
requirements:
Offer and acceptance
Competent parties
Consideration
Legality of the object
Formalities
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5. 1. OFFER AND ACCEPTANCE
Offer
Is an indication that one party is willing to be
bound by specific terms set out in the
contract.
According to civil code of Ethiopia Art. 1681 ,
an offer or acceptance can be made:
In writing
Orally
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6. OFFER AND ACCEPTANCE
Acceptance
Contract is complete when an offer by one party
is accepted without complaint by the party.
An Acceptance is the key for the formation of a
contract which must be;
Absolute ; accepting all the terms of the offer.
An indication of consent; silent does not indicate
acceptance. (Art. 1682)
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7. CONT’D
2. Competent parties (legal capacity)
Competent parties are those people who have the
legal and mental ability into binding contract.
The following persons are incompetent to enter into
a contract.
Minors (under the age of 18)
Those considered mentally incompetent
Mentally ill
Under the influence of alcohol and other drugs
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8. 3. Consideration
Consideration involves a benefit moving from the offeree to
the offeror in exchange for the promise.
It involves price for promise.
There must be payment for the service performed
4. Object of contract
The object of contract is the obligation to perform
something.
The subject matter of contract must be :
Defined
Possible(art.1715)
Lawful and
Freely determined by the parties
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9. CONT,…
5. Formalities
Usually, the form of contract is provided by the law.
If no form is provided by law contracts can be in any
form the parties agreed with.(art. 1719)
Otherwise contract agreement should be presented in
the form provided by the law.
For example:
A contract involving an immovable object should be in a
written form and needs to be registered by the authorities.
Long term contracts such as guarantees insurance etc. and
those entered with public organization should be in writing.
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10. 3. PURPOSES OF A CONTRACT
The purposes of a contract are :
To bind conditions between or among the parties
To clearly show the Terms and Conditions of
contracts the parties agree with
To clearly show the Rights and Obligations of
contracting parties
To clearly show remedial measures in cases for non
– performances
In other ways the purpose of the contract is to
produce:
A quality construction project
On time construction project
Construction project with in budget
Safely executed project
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11. 4. TYPES OF CONTRACT
As a general Contract can be of three types;
namely,
1. Unilateral or Optional or If Contract
2. Bilateral, and
3. Multilateral
I. Unilateral or Optional or If Contracts are
contracts which are recognized by law, where the
promise by one party is binding and if the
performance is carried out by the other party who is
not bound merely by embarking on the
performance required.
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12. UNILATERAL CONTRACTS….
A one to all contract
Example :
X promises a reward to anyone who will find his lost wallet.
X bound himself to the promise, but no one is bound to search
for the lost wallet. But if Y, having seen the offer, recovers the
wallet and returns it, he is entitled to the reward.
1 Offeror Many
Offerees
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13. II. Bilateral Contracts are contracts entered to
promise for an obligation performed in the future
where both (two) parties are mutually bound.
A one to one contract
III. Multilateral Contracts are contracts entered to
promise for an obligation performed in the future
where all (three or more) parties are mutually
bound.
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Offeror
The person who
make the offer
Offeree
The person to whom
the contract was
made
Example : Sale of goods contract
• The Buyer promises to pay the price
• The Seller promises to deliver the goods
14. ASSIGNMENT 1
List different types of constriction contract and explain
each of them clearly.
Submission Date: Next Week
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15. 5. DISCHARGE(TERMINATION) OF CONTRACT
There are four ways in which a contract can be
discharged.
1. Performance
In order to be fully discharged from a contract the
parties must have completed all the obligation set in
the terms of contract.
2. Agreement
By mutual agreement
The parties may mutually agree to release each other from
their contractual obligation and cancel the contract,
By novation:
The parties may substitute the existing contract with new
contract.
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16. 3. Frustration
Occurs when the contracts was executable at the time
of agreement but subsequent events, over which the
contracting parties have no control, makes it
impossible to fulfill the contract obligations.
Example
Force majeure (war, earth quake, natural hazard )
4. Breach
Occur when a parties fail to carryout its fundamental
contractual obligations under the contract.
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5.DISCHARGE(TERMINATION) OF CONTRACT…
18. 1. CONTRACT FORMULATION
Negotiation: is a process by which Project
Owners together with their professional
representatives’ deal with the recommended
winner of the tender on the requirements of
the tender.
Contract Agreement: when signed forms the
contract document which will be the bases for
Contract Administration.
Contract Document: are the basis on which
a construction contract is carried out. In case
there is a conflict between the order of
precedence of the documents may be set.
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19. 4.2.1CONTRACT FORMULATION CONT…
A Construction Contract Document includes the
following by their order of precedence:
Signed and Sealed Form of Contract
Agreement
Letter of acceptance
Form of Tender with Appendix,
Particular Conditions of Contract
General Conditions of Contract,
Technical Specification
Drawings
Priced Bill of Quantities
Forms, Formats and Schedules.
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20. CONTRACT FORMULATION CONT…
A. Agreement
is a short document signed by both parties
Form of Contract Agreement varies from contract to
contract but is generally composed of:
The date on which the agreement shall come into
force
The contracting parties and the delegated services
administrator, their addresses and being called upon
The THINGS to be procured in brief
The general provisions such as words, meanings and
expressions; order of precedence and Payment
Terms
The construed parts of the contract document, and
The Agreement Considerations, the Signing and
Sealing places
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Sample Form for Contract Agreement
Form of Agreement
This Agreement hereinafter called “the Contract” is made
on the ___ day of __ 20 __ between on the one part
__________ of ________ hereinafter called “the Employer”
and on the other part _______ hereinafter called ‘the
Contractor” / “the Consultant”.
Whereas the Employer is desirous that certain works /
services should be executed by the Contractor / Consultant,
viz. _________________ and has accepted the tender for
the execution / implementation and completion of such
works / services and the remedying of any defects therein.
Now this Agreement witnesses as follows:
1. In this Agreement words and expressions shall have the
same meanings as are respectively assigned to them in
the conditions of contract herein after referred to.
2. The following documents shall be deemed to form and
be read and construed as part of this Agreement, viz:
a. The Letter of Acceptance
b. The said Tender
c. The Conditions of Contract (I+II)
d. The Specifications
e. The Drawings, and
f. The Priced Bill of Quantities.
3. In Consideration of the payments to be made by the
Employer to the Contractor as hereinafter mentioned, the
Contractor hereby covenants with the Employer to execute and
complete the Works and Remedy any defects therein in
conformity in all respects with the provisions of the Contract.
4. The Employer hereby covenants to pay the Contractor
in consideration of the Contract Price of such other sum as
may become payable under the provisions of the Contract at
the times and in the manner prescribed by the Contract.
In Witness Whereof the parties hereto have caused this
Contract / Agreement to be signed in their respective places as
of the day, the month and the year first above written.
For and on behalf of the Employer
_________________ _______________
Signature Date
For and on behalf of the Contractor
__________________ _______________
Signature Date
22. CONTRACT FORMULATION CONT…
B. Letter of acceptance:
This is a confirmation of acceptance by the
employer of the contractors offer.
The letter of acceptance contains:
Acceptance of contract price
Instructions;
To Submit the Contract Security
specified in the Contract by the date
stated.
To proceed with the execution of the
works
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23. CONTRACT FORMULATION CONT…
A Letter of Acceptance must not be issued prior
to obtaining all required approvals, including
From the Tender Committee
From head of the Procuring Entity
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24. CONTRACT FORMULATION CONT…
C. Form of Tender and its appendix
The appendix to tender mainly defines the following
Amount of performance bond
Minimum amount of insurance
Time for issuing notice to commence
Time for completion
Amount of liquidated damage
Limit of liquidated damage
Period of maintenance period
Percentage of adjustment of provisional sum
Percentage of retention
Minimum amount of interim certificates
Rate of interest up on unpaid sums
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25. CONTRACT FORMULATION CONT…
D. Conditions of contract
Conditions of Contract is the administrative law applicable to
the contract which is legally enforcing the contracting parties.
(PPA Section 7 & section, 8)
It includes
General condition of contract:
Special condition of contract,
Generally, conditions of contract cover:
Definitions and interpretations of terms used in the
contract
Contract documents priorities, supply of drawings,
supplementary documents
Obligations, Rights and Remedial Rights
Services / Goods / Works, their Measurement and
Certifications
Alterations, Claims and Dispute Settlement
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26. THE GENERAL CONDITIONS
GCC are usually prepared to set out
procedures of general application which can
be used for different types of projects without
any modifications.
Define the responsibilities of the parties
Spells out the procedures for administration
of the contract
One of the most important tools to control
risk on a construction project
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27. THE CONTENTS OF GCC
Lists and gives a brief description of the
documents that form the contract
Document precedence incase of discrepancy
Duties and responsibilities of the owner and
the contractor
About award of work to a subcontractor
The time, cost, quality Control for the work
The mode and frequency of payment
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28. About bonds and insurances
Definition of change of work and the
steps to be followed incase of change
orders
The system for dispute resolution
miscellaneous provisions such as
the governing laws
requirements for inspections and tests
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THE CONTENTS OF GCC…
29. THE SPECIAL CONDITIONS OF CONTRACT (SCC)
Are used to supplement, modify, or expand the
General Conditions
Are modified as a standard contract to a specific
project.
Clauses in both conditions of contract shall be
the same.
Contents of SCC
Number of copies of contract documents
Survey information to be provided by the
owner
Materials provided by the owner
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30. CONTENTS OF SCC …
Changes in insurance requirements
Site visits
Start date of the construction
Procedure for submittal and processing
Cost and scheduling reporting requirements
Responsibilities for testing of materials
Actions to be taken
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31. 4.2.1CONTRACT FORMULATION CONT…
E. Specifications
Specification defines the quality expected to
each trade of items.
Specifications are statements describing
the nature and class of work,
materials to be used,
labor to be employed and methods of work,
equipment and tools to be used,
quality of works and workmanships and
submittals and sampling for tests and approvals.
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32. 4.2.1CONTRACT FORMULATION CONT…
Specifications govern when it does not fit with
drawings and it serves the following purposes:
Guide bidders to arrive fair tender prices
during procurement
Be bases for execution and supervision Of
works and delivery of goods during
implementation
Help in purchasing of materials, hiring of
workmen and provisions of equipment, and
Help in accepting the different items of
services and works and delivery of goods.
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33. 4.2.1CONTRACT FORMULATION CONT…
F. Drawings
Drawings have the following functions:
Drawings form a model of designers idea
Drawings have the following functions:
It is a means to convey intentions of
designers to contractors.
Drawings form a record of what has been
done i.e. as built drawings
G. Bill of quantities
Bill of quantities are list of items defining briefly
the works to be done and quantities of the work
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34. CONT…
H. Forms, Formats, Schedules…
The following Forms, Formats, Schedules and
Breakdown Structures are used in
Construction Contracts and are tabulated
bellow:
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Forms Formats
Form of Contract Agreement Handing Over Site Formats
Form of Tender Change Order Format
Form of Bid Security Progress Reporting Formats
Form of Performance Security Payment Certificate Format
Form of Adv. Payment Guarantee Price Indices Format
Form of Maintenance Security Comp. Certificate Formats
35. CONT…
Schedules Breakdown Structures
Work Schedule Organization BS
Material Schedule Work BS
Equipment Schedule Material BS
Labor Schedule Equipment BS
Cash flow Schedule Labor BS
Payment Schedule Cost BS
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36. 2. CONTRACT ADMINISTRATION
It ensures the successful completion of the project
under consideration with substantial compliance
of the Terms of the Contract.
As a result, the following activities or tasks are
included in Contract Administration services:
Identifying contractual responsibilities of
Stakeholders.
Reviewing the Terms of Contract
Documents
Extract Monitoring Responsibilities
Preparing Monitoring Responsibility
Summary Sheets
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37. 4.2.2 CONTRACT ADMINISTRATION CONT,…..
Determining and understanding the construction
components of the project.
Reviewing the Contract Drawings and Technical
Specifications
Extract the Construction Methods and
Sequences
Prepare Construction Methods and Over all
Sequences Sheets
Review submitted (Integrated) Schedules and
Breakdowns for operations such as:
Organizational Breakdowns,
Resources Breakdowns &
Time Schedules.
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38. 4.2.2 CONTRACT ADMINISTRATION CONT,…
Record, Monitor and Evaluate Progress of
Mobilizations, Works and Completions.
Report Project Status daily and / or periodically and
Completions.
Certify qualities of materials, samples, workmanships
and works.
Measure Works, Record Site Potentials and Certify
Payments and Completions
Take off sheet and Bending Schedules are used for
Measurement of Works
Site Potentials such as material, equipment and
Manpower on site together with appropriate site
organization is recorded
Advance, Interim and Final Payments are certified
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39. 2 CONTRACT ADMINISTRATION CONT,…
Administer contract changes.
Issue Change Orders including Clarifications
Evaluate and Certify Additions and Omissions
Evaluate and Certify Remedial Rights
Evaluate and Certify Claims
Prepare Contract Changes Status Sheet
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40. 2 CONTRACT ADMINISTRATION CONT,…
Mediate Disputes
Such services are carried out:
To ensure projects are completed successfully and
To Follow up and Evaluate Project Cost, Time and
Quality.
To Ensure Health, Safety and Environmental
Requirements.
To Ensure Project fitness for its purpose or intended
objective.
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41. 3. CLOSING OF CONTRACT
Closing of Contract looks into issues related to:
Maintenance Period and Remedial works,
Dealing with Left Over Claims and Disputes, if any,
Closing of Accounts and
Completion Certificates.
Maintenance Period and Remedial Works:
Construction works are subjected to Maintenance Periods
(Usually One Year) in order to reveal quality problems
overseen by supervisors.
The focus on damages seen on the construction
components which are solely under the responsibility of
the contractor.
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42. 3. CLOSING OF CONTRACT CONT,...
Left Over Claims and Disputes:
If claims and disputes are not settled before provisional
certificate of completion, they can be dealt during this
phase.
Closing of Accounts:
Final Accounts together with the release of remaining
retention moneys and performance securities are carried
out in accordance with the current situation at the time of
closing and
Final Payment Certificate is issued.
Completion Certificates:
Completion certificate is a certificate that concludes the
contractual agreement and will not be considered binding
there after unless otherwise it is proved illegal.
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