Contract Practice

Question 1

What are the 5 key things needed to form a contract?

Answer 1

Offer, acceptance, consideration, capacity, intention and legality.

Question 2

What are Contract Particulars?

Answer 2

Aspects of the Contract that are bespoke to the project i.e completion date, date of possession, defects rectification period and LD’s

Question 3

What are the Recitals under a JCT contract?

Answer 3

They set and overview of the project, including brief description of the works.

Question 4

What are the Articles under a JCT contract?

Answer 4

Identify primary obligations of the parties under the contract.

Question 5

What is Attestation?

Answer 5

Process of confirmation, under seal and under hand.

Question 6

What is an LOI?

Answer 6

Indicates one parties intention to enter into a formal contract with another, typically asking for works to start before formal contract is executed.

Question 7

What info is typically in an LOI?

Answer 7

-Detailed description of works
-Contract Sun (if it is agreed)
-Date of possession
-Date for completion
-Insurances
-Method of payment
-Employers right to not enter main contract

Question 8

What is a PCSA?

Answer 8

Pre-Construction Services Agreement

Question 9

What are typical PCSA services?

Answer 9

-Contribution to design
-Advice on buildability, sequencing and risk
-Advise on selection of subbies
-Help develop cost plan and programme