Standard Forms of contract Flashcards
Why use a standard Contract
- Familiarity
- Complexity of writing a contract
- For JCT it is fair and balanced
Who and what determines which form of contract is being used?
Procurment system and
- circumstances surrounding project
- status of the designer
- Favourite contract
- Size/value of the contract
- Type of works
- Where to be constructed
After what stage is the contract is decided upon?
Generally follows the procurement stage
What can the wrong choice on contract lead to?
- disadvantage to both parties
- roles/ responsibilities can be unclear
- amendments to the contract will be needed
- Employers interests may not be safe guarded
- Balence of risks may not be spelled out as intended
What are the three groups of contract?
- Traditional
- Design and Build
- Management
3 traditional contratcts
lump sum contract
Measurement contract
Cost reimbursement contract
2 Design and build contracts
Package deal and turnkey contract
Design and build contract
3 management style contracts
Management contract
Construction management
design - Manage - Construct
3 formations in a contract
Articles of agreement
Recitals
Articles
What does NEC stand for?
New engineering contract
Objectives of NEC
flexibility
clarity and simplicity
stimulus for good management
New features of necs
- The use of BIM option
- Contractor design and Build option. A contractors design has been aligned with industry standards
- Dispute resolution
- Finality of payment