SPP DOC 301 - ARTICLE I Flashcards
Definitions
What are these?
a. Agreement
b. General Conditions
c. Special Provisions
d. Specifications
e. Drawings
Contract Documents
The person or entity ordering the project for execution, including duly appointed successors, or authorized representatives.
Owner
refers to the Architect commissioned by the Owner acting personally or through assistants duly authorized in writing by the Architect to act in his behalf.
Architect
The person so named in the Contract Documents or his representative duly authorized in writing to act for the Engineer.
Engineer
The Full-time Construction Inspector hired by the Owner duly authorized in writing to assist the Architect and the Engineer in the supervision of the work.
Project Representative
The person or firm whose proposal has been accepted and to whom the Contract was awarded.
Contractor
Anyone having a direct Contract with the Contractor who acts for or in behalf of the Contractor in executing any part of the Contract, not including one who merely furnishes materials without labor.
Sub-contractor
It is the person, firm or corporation who provides the guarantee for the Contractor’s Bonds
Surety
The offer of a Bidder to perform the work described by the Contract Documents when made out and submitted on the prescribed Proposal Form, properly signed and guaranteed.
Proposal
The cashier’s check or surety bond accompanying the Proposal submitted by the Bidder, as a guarantee that the Bidder will enter into a Contract with the Owner for the construction of the work, if the Contract is awarded to him.
Proposal Bond
It is the approved form of security furnished by the Contractor and his Surety as a guarantee of good faith on the part of the Contractor to execute the work in accordance with
the terms of the Contract. 15% (b4 the execution)
Performance Bond
It is the approved form of security furnished by the Contractor and his Surety as a
guarantee of good faith on the part of the Contractor to pay all obligations arising from the Contract.
15% (b4 the execution)
Payment Bond
is the approved form of security furnished by the Contractor and his Surety
as a guarantee to the quality of the materials and equipment installed and the workmanship
performed by the Contractor. 30% (given after the payment and performance is returned)
Guaranteed Bond
It is the contract between the Owner and the Contractor undertaking the project
described in the Contract Documents including all supplemental agreements thereto and all general
and special provisions pertaining to the work or materials therefor.
Agreement
The notice published by the Owner or the invitations
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 estimated cost or information that
would give the Contractor a general idea of the magnitude and extent of the project.
Advertisement or Invitation to Bid