Identification Flashcards
The person, firm, or corporation that issues the bond required of the Contractor
Surety
A contractor duly registered and licensed by the Philippine Contractors Accreditation Board having a direct contract to the contractor who acts for or in behalf of the contractor in executing any part of the contract
Subcontractor
are the written or printed description of the work to be done describing qualities of the material to be used, the equipment to be installed and the mode of construction.
SPECIFICATIONS
refers to all the Contractor-provided labor or materials or both as well as equipment transportation, or other facilities necessary to commence and complete the construction and to fulfill all his obligations which are called for in the Contract.
WORK
is the person or entity or authorized representative thereof who signed the Contract as Owner.
OWNER
is the person or firm duly registered and licensed by the Philippine Contractors Accreditation Board whose proposal has been accepted and to whom was awarded the Contract to execute the Work.
CONTRACTOR
are graphical presentations of the Work. They include all supplementary details and shop drawings.
DRAWINGS
is the amount in money or other consideration to be paid by the Owner to the Contractor for the execution of the Work in accordance with the Contract.
CONTRACT PRICE
is the term used to describe the Agreement and the Contract Documents.
CONTRACT
is the tender, or proposal, or quotation, or offer of a bidder to perform the work described in the Contract which in form and substance complies with the Instruction to Bidders.
BID
is a document containing additional information on Bid Documents issued to bidders before date of bidding.
BID BULLETIN
is a written order to the Contractor issued by the Owner after the execution of the Contract, authorizing a change or variation in the work or an adjustment in the Contract Price or Contract time.
CHANGE ORDER
means information, advice or notification pertinent to the project delivered in person or sent by registered mail to an individual, firm or corporation at the latter’s last known business address.
WRITTEN NOTICE
refers to the person or entity commissioned by the Owner or authorized in writing by the Owner to act on his behalf.
OWNER’S REPRESENTATIVE
is the period of time allowed by the Contract for the completion of the project or any stipulated portions thereof.
TIME LIMIT OR COMPLETION TIME
