Contract Practice Flashcards
1
Q
What are included within the Contract Documents for a project
A
- JCT Contract
- Preliminaries
- Contract Drawings/Specifications
- Contract Sum Analysis
- Surveys & Reports
- Advanced payment schedule
- Collateral warranties
- Employers requirement’s/Contractors proposals (CDP)
2
Q
What are the key parties involved in a construction contract
A
- Employer/Client
- Contractor
- Contract Administrator; Contractor must comply with their formal instructions/ Expected to maintain impartial
Design & Build
- Employers Agent; Contractor must comply with their instructions
Quantity Surveyor
- SBC: Party to the contract
- DB: not a party to the contract but expected to maintain impartial if involved in administrating
3
Q
What is the role of the Quantity Surveyor in construction contracts
A
To deal with all cost related matters, such as:
- Deal with interim valuations, raise payment recommendations/certificates
- Deal with cost when a variation occurs
- ascertain loss & Expense
- Deal with the Final Account
4
Q
A