Contract practice

Question 1

Assignment

Answer 1

Transfers benefit of contract to a different party.

Question 2

Third party rights

Answer 2

Gives right to third parties who are names in contract but not main party.

Question 3

Collateral warranty

Answer 3

Provides contractual links and duty of care to party that are not in main contract.

Question 4

Why not bespoke?

Answer 4

Unless advised by client.
Doesn’t cater for all provisions
No history of case law.

Question 5

What insurance is required

Answer 5

PI
Employer liability
Public liability
Risk insurance

Question 6

What is employer liability?

Answer 6

Helps pay compensation if employee is injured because of the work they do

Question 7

What is public liability?

Answer 7

Pay’s compensation if member of public becomes injured

Question 8

Risk insurance?

Answer 8

A - new build covers contractor
B - new build covers employer
C - refurb covers employer

Question 9

SBC vs Design Build

Answer 9

CA vs EA

Question 10

Time at large

Answer 10

No PC date

Question 11

What does intermediate not have?

Answer 11

Schedule 2 variations
Retention bond

Question 12

Difference between stage 4 cost plan and pte?

Answer 12

Cost plan done at a point in time, PTE right before tenders come back so more up to date and accurate