9.2 Flashcards

Types of Construction Contracts

1
Q

Types of Construction Contracts:
What type of contract is used between the owner and architect for the creation of the bid documents?

A

RAIC Document Six: Canadian
Standard Form of Contract for
Architectural Services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Types of Construction Contracts:
What type of contract is most commonly used between the owner and builder to administer the construction of a project?

A

CCDC2 - Stipulated Price Contract

Stipulated Price Contract = An agreement between a contractor and an owner where the contractor agrees to complete a project for a fixed, predetermined price.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Types of Construction Contracts:
Under what circumstances would a Cost-Plus Fee Payment contract (CCDC 3) be used?

A

When the scope of work is not fully known.

Cost-Plus Fee = Price of the work is not determined before the work is complete. Owner reimburses the builder for the actual cost incurred plus a fee (fixed or percentage).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Types of Construction Contracts:
Under what circumstances would a Unit-Price Payment contract (CCDC 4) be used?

A

When the type of work is known and specified in the contract document.

Unit Price = The amount of work payable for a single unit of work as stated in a schedule of prices.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Types of Construction Contracts:
What type of contract is used for Construction Management for Services?

A

CCDC 5a

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Types of Construction Contracts:
What defines a CCDC 5a Contract?

A
  • CM is paid for services either by a fixed fee, percentage of the actual cost, or an hourly rate
  • CM is not at risk should the actual cost exceed the budgeted cost
  • CM operates under an ‘open book’ accounting system - Both the CM and owner know the bids of the subtrades
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Types of Construction Contracts:
What type of contract is used for Construction Management for Services and Construction?

A

CCDC 5b

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Types of Construction Contracts:
What defines a CCDC 5b Contract?

A
  • A combination of the CCDC 5a contract (fee for CM services) and the the CCDC 2 (guaranteed price for construction services)
  • provides the owner with a construction budget and and a guaranteed maximum price (GMP)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Construction Contract Responsibilities:
What is the architects general responsibilities during the CA phase of a project?

A

Determine that the work is in general conformity with the contract documents.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly