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Contract Practice

Description

Basic Contract Law and Legislation
Demetris Kalifom
Flashcards by Demetris Kalifom, updated more than 1 year ago
Demetris Kalifom
Created by Demetris Kalifom almost 10 years ago
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Resource summary

Question Answer
Basic contract law and legislation LEDCA 09 Unfair Contracts Act Rights of Third Parties Act Construction Design Management (CDM)
Contract documentation Form 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
Various Standard forms of contract and subcontracts SBC 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
When are the different forms of contracts used Depends on the procurement route
Basic contractual mechanisms and procedures at various stages Retention Payment terms Rectification Period Practical Completion Sectional Completion Partial Possession
Third party rights and Collateral Warranties Break 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
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