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 ?
9bn Expo 2020 Dubai construction contracts awarded in 2017
is providing our members a seminar on construction lien law for private and public jobs, as well as construction contracts.
Be confident that the contractor has adequate financial and technical resources to fulfil its contractual obligations and to meet any liability under the construction contract if the project encounters difficulties.
Knife River's largest road construction contract in the state is scheduled to begin work next week and will complete about 1.
Muscat: Haya Water awarded the first construction contract in the Wilayat of Al Amirat Water Reuse Project for the installation of sewer and treated effluent pipelines in Al Amirat Western Area.
The index tracks construction contracts that have been awarded only.
460(e)(6)(A) defines a home construction contract as any construction contract in which 80% or more of the estimated total contract costs, as of the close of the tax year in which the contract was entered into, are reasonably expected to be attributable to the construction of
Flint Energy Services Ltd (TSX: FES), a Canada-based oilfield services company, has received a construction contract from StatoilHydro Canada Limited, a subsidiary of StatoilHydro (NYSE: STO) (OSL: STLZ).
The American Bar Association (Chicago, IL) has released The Construction Contracts Book: How to Find Common Ground in Negotiating Design and Construction Contract Clauses.
The Norwegian construction group Veidekke ASA said on Tuesday (6 January) that its subsidiary Veidekke Entreprenor AS had received a NOK200m construction contract in Drammen, Norway.
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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