Flashcards
Contract Practice
Cards in this deck (6)
- 1Basic contract law and legislationLEDCA 09
Unfair Contracts Act
Rights of Third Parties Act
Construction Design Management (CDM) - 2Contract documentationForm of Tender
Pricing Document/ Schedule of Rates/ Schedule of Works
Employers Requirements/ Contractors Proposals
Preliminaries
Specification
Drawings
Conditions of contract and any amendments to standard forms - 3Various Standard forms of contract and subcontractsSBC with BoQ
SBC without Quants
SBC with Approximate Quants
Design and Build
Major Projects
Intermediate contract with/without CDP
Minor works contract with/without CDP - 4When are the different forms of contracts usedDepends on the procurement route
- 5Basic contractual mechanisms and procedures at various stagesRetention
Payment terms
Rectification Period
Practical Completion
Sectional Completion
Partial Possession - 6Third party rights and Collateral WarrantiesBreak privity of contract and allow third parties to a contract to exercise rights
Difference - Third parties name individuals whereas collateral warranties refer to unknown benefitiaries