PAPANSIN Flashcards
CIAP
CONSTRUCTION INDUSTRY AUTHORITY OF THE PHILIPPINES
Republic Act No. 4566
Contractors’ License Law
any event beyond the reasonable control of the Owner or the Contractor, as the case may be, and which is unavoidable notwithstanding the reasonable care of the party affected
Act of God/Force Majeure
the money given by the Owner to the Contractor to help the latter underwrite significant start up or procurement costs that may have to be incurred before construction begins
advance payment/ down payment
the term used to describe the agreement signed by the Owner and the Contractor excluding the Contract Documents which are attached thereto
Agreement
drawings showing the structure as actually constructed including system and actual locations of outlets, fixtures, services and equipment that were installed
As-Built Drawings
the tender, proposal, 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
any acceptable form of bond accompanying the Bid submitted by the bidder as a guarantee that the bidder will enter into the Contract with the Owner for the construction of the Work, if the Contract is awarded to him
bid bond
a document containing additional information on Bid Documents issued to bidders before date of bidding
Bid Bulletin
collectively refer to all documents provided or made available to prospective bidders which include the Invitation to Bid, drawings and technical specifications and a copy of the Contract which the winning bidders would be required to sign with the Owner
Bid Documents
a listing of the different parts of the Work indicating each part and its corresponding value
Breakdown of Work and Corresponding Value
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
period of time allowed by the Contract for the completion of the project or any stipulated portions thereof
Completion time limit
the term used to describe the Agreement and the Contract Documents
Contract
documents attached to the Agreement identified therein as Contract Documents, including all additions, deletions and modifications incorporated therein.
Contract Documents
Contract Documents generally include the following documents which shall form part of this Contract and constitute integral parts hereof:
(a) Special Provisions or Conditions;
(b) General Conditions;
(c) Specifications;
(d) Drawings;
(e) Contractor’s Performance and Payment Bonds contemplated in Clause 31.04 hereof;
(f) Contractor’s Guarantee Bond contemplated in Clause 31.05 hereof; and
(g) other Bid Documents
the person or firm duly registered and licensed by the Philippine Contractors Accreditation Board whose proposal has been accepted and to whom the Contract to execute the Work was awarded
cONTRACTOR
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
all expenditures properly incurred or to be incurred, whether on or off the site, including overhead and other charges properly allocable thereto but does not include any allowance for profit
cost
graphical presentations of the Work that include all supplementary details and shop drawings
Drawings
NOTE: final payment does not include the ____________________
retention money
the payment of the final progress billing and all approved claims including but not limited to variations in the work, Contract Price adjustments and/or escalation, acceleration of work, and others.
Final payment
approved form of security furnished by the Contractor and its Surety as a guarantee of the quality of the materials provided, the equipment installed, and the workmanship performed by the Contractor
Guarantee Bond
the list of instructions regarding the manner bids are to be prepared and the conditions for the award of the Contract
Instruction to Bidders
the notice or advertisement published by the Owner or the invitation issued to prospective bidders, giving information as to the nature of the proposed project, conditions for the issuance of Contract documents, date of bidding, and information that would give the Contractor a general idea of the magnitude and extent of the project
Invitation to Bid
refers to the address in the Philippines given by a party in the Contract
last known address of a party
all laws, ordinances and other governmental rules and regulations applicable to the project and to its execution
Laws
person or entity, or authorized representative thereof, who signed the Contract as ______ (ANSWER)
Owner
the person or entity commissioned by the Owner, or authorized in writing by the Owner, to act on its behalf
Owner’s Representative
approved form of security furnished by the Contractor and its Surety as a guarantee of good faith on the part of the Contractor to faithfully comply with the Contract in respect of its obligations arising therefrom to its workers, Sub-Contractors, and suppliers
Payment Bond
approved form of security furnished by the Contractor and its Surety as a guarantee of good faith on the part of the Contractor to execute the Work in accordance with the Contract
Performance Bond
sum of money, usually 10% or less of every progress payment to a Contractor which the Owner retains to underwrite future costs of completing the Contractor’s work and/or remedying the defects therein
retention
an outline specification enumerating the type or brand names of materials required to be used by the Contractor for the Work
Schedule of Materials and Finishes
instructions issued prior to bidding to supplement and/or modify the Drawings, Specifications and/or General Conditions of the Contract
Special Provisions/Conditions
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
a Contractor duly registered and licensed by the Philippine Contractors Accreditation Board having a direct contract with the Contractor and who acts for or in behalf of the Contractor in executing any part of the Contract
Sub-contractor
one who furnishes materials without labor is a ___________ and not a ____________
Sub-Contractor
additional information which may be issued as an addition to or amendment of the provisions of the Specifications
Supplementary Specifications
person, firm, or corporation which issues the bond required of the Contractor
Surety
shall refer 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 its obligations which are called for in the Contract
work
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
The intent of the Contract is to include all labor and materials, equipment, and transportation necessary for the proper execution of the Work.
Intent of Contract
