Atlas Methods of Compensation 3 Flashcards
Guarantee to enter into a contract if awarded
Proposal bond
Guarantee to execute the work in accordance with the terms of the contract (15% of the contract amount, upon contract signing)
Performance bond
Guarantee to pay all obligations arising from the contract (15% of contract amount upon contract signing)
Payment bond
Guarantee workmanship and quality of materials and equipment for 1 year (30% of the contract amount)
Guarantee bond
Change after the signing of the contract
Change order
Shop drawings
Conditions in the preparation of shop drawings
At the contractor’s expense
Shop drawings
Checking drawings of sub-contractors
Contractor to check
Shop drawings
To be numbered and dated containing the name of the project, descriptive names of equipment/material, and location of installation
Identification
Shop drawings
In duplicate
Letter of transmittal
Shop drawings
Corrections, changes, and variations
Architect’s approval needed
Shop drawings
Responsibility for accuracy
Contractor’s responsibility
Protection of adjacent property and existing utilities
- Contractor’s sole responsibility
- Existing utilities
Art. 17
- Proposal
- Tender documents
- Invitation to bid
- Bid bulletin
- Instruction to bidders
Bidding documents
- Evaluate
- Review
- Recommend
- Notice to award
Architect
- Approve
- Awarding
- Proceeding
Client
Assist the owner in obtaining proposals from contractors, analyzes bid results, and prepare abstract of bids, notice of award, notice to proceed, and other construction contracts
AoR (SPP Doc. 202)
Soil boring test price
Php 35k per hole
Geodetic engineer price
Php 5k (simple residential/4 sides) or per ha.
Construction stakes and reference mark
Owner’s responsibility (lot lines, easements, benchmarks)
Contractor (other grades, lines, levels, and benchmark)
Services of a licensed surveyor
Contractor’s responsibility to check column centers, piers, walls, pits, trenches, pipework, culvert utility lines, etc.
Changes in the work
Changes ordered by owner
In writing
Changes in the work
Adjustments of contract
In cost and time; consent of sureties and additional performance bond
Changes in the work
Value of extra work
By estimate in a lump sum; by unit prices not exceeding 25% of original work contract; by actual direct cost + 15% profit, overhead, and tax
Notice to proceed
After execution of contract agreement
Contract time
7th day from NTP receipt
Contractor to submit a schedule of construction work in critical path method or other forms acceptable to architect; Architect can order the contractor to take steps to ensure completion within the timeframe.
Schedule of completion
CARI
Contractor’s All-Risk Insurance
Contractor’s insurance and bonds
Art. 31
Contractor’s insurance and bonds
Protection for bodily injury, death, or property damage
Contractor’s liability insurance
Contractor’s insurance and bonds
From work performed by sub-con where guarantees are required; contractor to secure warranties from sub-con
Contractor’s guaranty warranty
- Contractor’s liability insurance
- Contractor’s fire insurance
- Contractor’s performance and payment bonds
- Contractor’s guarantee bond
- Contractor’s guaranty warranty
- Contractor warrants and/or guarantees for one year
Contractor’s insurance and bonds
CFEI
Certificate of Final Electrical Inspection
Other requirements before final payment
- Cert. of Bldg. Occupancy
- Cert. of Final Inspection
- 3 copies of directory of panel boards and circuits
- Original & 3 sets of as-built dwgs
- 3 copies of manuals
- 3 copies of keying schedule
- Guarantee bond 30% of contract price good for one year (required only if owner releases performance and payment bond)
Contractor’s responsibility for accidents and damages
Art. 30
- Safeguards to be undertaken by the contractor
- Contractor’s responsibility
- Indemnity
Contractor’s responsibility for accidents and damages
