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 ?
Talking to a private news channel, the minister refuted the speculation that Mohmand Dam construction contract was given to Razak Daw and said he had no link with Descon consortium.
READ: $2.9bn Expo 2020 Dubai construction contracts awarded in 2017
To help our members simplify and navigate these requirements, as well as to learn some important basics of construction contracts, BNCW member law firm, Johnson, Gaukroger, Smith & Marchant, P.S., is providing our members a seminar on construction lien law for private and public jobs, as well as construction contracts.
This construction contract is worth USD228m, which will be included by Skanska in the order bookings for Skanska USA Building for the first quarter of 2017.
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.
Ahmad Al Kulli, general manager of Emr Middle East, signed the construction contract with Ahmed Al Jabr, CEO of Azmeel contracting, at a ceremony in held Jeddah, recently.
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 Construction Contracts Index reached 309.12 points at the end of June, rising from 254.18 at the start of the second quarter.
For purposes of the home construction contract exemption, Sec.
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).
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.
The subcontractor argued that large-scale construction projects were not contemplated by the definition of "residential construction contract" under the New Jersey Lien Law and therefore were not subject to the additional requirements.

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