construction contract


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construction contract

A contract for construction services. A good one should contain the following information:
• The names of the parties
• The contractor's registration number
• Ageneral description of the work to be performed
• Astatement of the quality, such as “standard practices of the trades”
• Aset of blueprints and engineering plans
• Aset of specifications
• Adescription of responsibilities for oversight and management
• Atimetable
• Afixed price for the work or a formula such as time and materials
• Definitions of terms, such as “time to exclude/include commuting time”
• The process for pricing and approving change orders
• Payment schedules
• The process to be used for dispute resolution
• Remedies in the event of default
• The terms of any warranties

References in periodicals archive ?
10, 2014 /PRNewswire/ -- You may face an uphill legal battle if you enter a construction contract without paying careful attention to every detail.
Agriculture and Food Security: Engineering activities in this sector include planning, design, construction contract development and construction contractor oversight and training for irrigation systems and drainage basins; dams and storage reservoirs; erosion mitigation and flood control to include storm water drainage management; the exploration and development of groundwater resources; and the design of buildings, roads, ports, railroads, and bridges that support agriculture projects.
In February, the developer said it had received seven bids for the construction contract , starting at AED695 million.
Summary: Muscat: Haya Water awarded the first construction contract in the Wilayat of Al Amirat Water .
More than SR51bn of the total construction contract were awarded in the petrochemical and power sectors alone, the index showed.
On August 4, 2008, the IRS issued proposed regulations (REG-120844-07) expanding the types of contracts eligible for the home construction contract exemption from the percentage of completion method and amending the rules for taxpayer-initiated changes in methods of accounting to comply with Sec.
CCH (Riverwoods, IL) has begun the production of the "Construction Law Library," a new online information service designed to prepare attorneys to advise their clients at all stages of the construction process from drafting the construction contract to the completion of the construction project.
of Florida) present a teaching resource and reference text to assist engineers, contractors, and administrators in construction contract interpretation.
Enhanced with an accompanying CD-ROM, the Contractor's Guide To QuickBooks Pro 2006 by the team of contractors, accountants, and QuickBooks Pro experts Karen Mitchell, Craig Savage, and Jim Erwin is an in-depth, "user-friendly" guide to coordinating and knowledgeably approaching using the software programming of QuickBooks Pro in building construction contract development.
An additional 8(a) multiple award construction contract will be awarded by the fiscal 2004 with a task order award range of $1 million to $6 million.
PALMDALE - In what is to be the largest single construction contract awarded in the city's 41-year history, Palmdale officials plan to select a builder this month to begin an $18.
Your facility should have a standard "boiler plate" that it utilizes for each and every construction contract.

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