Terms from RA 9184 Flashcards
Includes earthquake, flood, typhoon, cyclone & other cataclysmic phenomena of nature & all misfortunes & accidents w/c human precedence could not foresee or prevent.
Act of God or Force Majeure
A written additional information, provision, & or other documents issued by the client prior to the closing date for the receipt of Bids, w/c is made an integral part of the Tender & Contract Documents.
Addendum
The building resolution of disputes by one or more neutral person as a substitute for judicial proceedings.
Arbitration
The period of time allowed the contractor by the client in addition to the stipulated Contract period necessitated by aduly issued extra work or change order.
Additional Contract Time
Refers to the notice 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, & information that would give the Contractor a general idea of the magnitude & extent of the project.
Advertisement or Invitation to Bid
The contract between the owner & the contractor undertaking the project described in the contract documents there to and all general and special provisions pertaining to the work or materials therefore.
Agreement
Medium used for gauging & controlling construction activities.
Bar Chart
The contractor should meet with the architects & engineers to determine completion dates of working drawings in sequence, such as foundations, steel, walls below grade, archer, masonry, mechanical trade and interiors. Receipt of these drawings determines the date on which quantity estimates & subcontractors’ bids can be taken.
Preparation of Bar Chart
It generally shows the items of work & a calendar covering the estimated construction period for the project. The estimated duration of each item is indicated by a dash or colored line, extending from starting to completion date. Actual progress is noted on the chart by a solid line of different color. It may also show percentage completion of each item.
Bar chart
The written offer of Bidder/ Tenderer submitted in the prescribed form in response to the invitation to bid and the Tender documents issued by the client to furnish the required labor, equipment, & materials, to execute the specified work w/in the time prescribed therein, in consideration of pay,ent at prices quoted in the _____ as submitted.
Bid/ Tender
Offer of a bidder to perform the work described by the contract documents when made out & submitted on the prescribed form properly signed & guaranteed.
Bid
The tender, or proposal, or quotation, or offer of a bidder to perform the work described in the contract w/c in form & substance complies w/ the instruction to bidders.
Bid
Refers to any acceptable form of bond accompanying the bid submitted by the bidder as a guarantee that the bidder will enter into the contract w/ the owner for the construction of the work, if the contract is awarded to him.
Bid Bond
The additional information on contract documents issued to bidders before date of bidding.
Bid bulletin
Refers to all documents provided or made available to prospective bidders, w/c include the invitation to bid & a copy of the contract, w/c the winning bidders would required to sign with the owner.
Bid/ Tender Documents
Collectively, the invitation to bid, instruction to bidders, form of contract agreement, conditions of contract, drawing/ plans, specs, & form of bid and the required annexes, including addenda.
Bid/ Tender Documents
A lsiting of the different parts of the wor kindicating each part & its corresponding value.
Breakdown of work and Corresponding Value
Specifications stipulating the use of specific products or processes w/o provision for substitution.
Closed Specification
The duly perfected & approved contract agreement including the conditions of contract, drawings/ plans, specs, invitation to bid, instructions to bidders, duly accomplished form of bid, including annexes, addenda, performance bond, pre-qualification statement, including credit line, evidence of working capital (cash deposit), notice of award & ‘conforme’ & other documents required in the contract agreement.
Contract/ contract documents
A written order to the contractor issued by the owner after the execution of the contract, authorizing a changer or variation in the work or an adjustment in the contract price or contract time.
Change Order
The unit prices of lump sums or other sums named in the notice of award to be paid to the contractor in consideration of the implementation of the works,subject to such addition thereto or deduction therefrom as may be made under the provisions contained or stipulated in the contract.
Contract price
The period of time allowed by the Client for the delay suffered by the contractor for due to causes beyond his control.
Contract time extension
The furnishings of all labor, materials, supplies, equipment, facilities & other incidentals necessary or convenient for the successful completion of the works & carrying out of all duties & obligations imposed in the contract as defined by the contract document.
Contract work/works
The individual, partnership, firm, corporation, company, joint venture, association, or syndicate whose bid has been accepted by the client & w/c includes contractors personal rep, successors & permitted assignees.
Contractor
The amt. of credit extended the contractor by a bank of the other financing institution to cover the project expenditures for out pocket equipment & etc, in the amt. prescribed by the client.
Credit Line
A more comprehensive system of time scheduling. It permits a more realistic analysis of the daily problems that end to delay work than does the customary chart.
Critical Path Method
The procedure calls for the coordination of these steps w/ those of other traders w/ continuous activities or allied supplementary operations, to insure the completion of the tasks as scheduled. It pressures the contractor to put pressure where it will do the most food to speed a project & to expedite the work at minimum cost.
Critical Path Method
An agreement by w/c the owner of a credit transfers his credit and its accessory right to another, duly approved by the client.
Deed of Assignment
A graphical presentation of work. They include all supplementary details and shop drawings.
Drawing
Such additional labor, materials supplies, & other incidentals necessary to complete the works but not originally covered or called for in the Contract.
Extra work
Refers to the payment of the final progress billing & all approved claims including but not limited to those variations in the work. It does not include the relation money.
Final Payment
Shall be understood to mean ‘purchase & or fabricated & deliver to the job site or the other location when so designated.
Furnish
Printed documents stipulating the procedural & administrative aspects of the contract.
General conditions
A bond furnished by the contractor & his surety as a guaranty to the quality of the materials & equipment installed & workmanship performed by the contractor.
Guarantee bond
Shall mean to build in, mount in positions, connect or apply any object-specified ready for the intended use.
Install
The list of instruction stipulating the manner on how bids are to be prepared & the conditions for the award of the contractor.
Instruction to bidders
The noticed published by the owner giving information as to the nature of the proposed project, conditions for the inssuance of the contract documents & date of bidding.
Invitation to bid
A right enforceable against specific property to secure payment of an obligation.
Lien
A written notice to the contractor of the date on w/c he is to begin the prosecution of the works he has contracted.
Notice to proceed
The stipulated period of time w/in w/c the contractor complete the contract works.
Original contract time
The person or firm ordering the proj. for execution, including duly appointed successors or authorized representatives.
Owner
The approved form of security furnished by the contractor & his surety as a guarantee of good faith on the part of the contractor to faithfully comply w/ the contract in respect of its obligations arising therefrom to its workers, subcontractors, & suppliers.
Payment bond
A contract provision setting forth the damages a party must pay in the event of his breach.
Penalty clause
The approved form of security furnished by the contractor & his surety as guarantee of good faith on the part of the contractor to execute the work in accordance to the contract.
Performance bond
The permanent structures to be constructed & completed in accordance w/ the contract document.
Permanent works
Shall be understood to mean ‘furnish & install’
Provide
An outline specification enumerating the type or trade names of materials required to be used by the contractor for work.
Schedule of materials & finishes
The difference between scheduled & actual accomplishment per approved PERT/CPM & approved revisions therefore, usually indicated in percentage, positive or negative.
Slippage
Instructions that are issued prior to bidding to supplement &/ modify drawings,specs &/ general conditions of the contract.
Special provisions or conditions
The description in detail of the works to be executed, the characted & qualityof materials & workmanshijp & special responsibility of the contractor that are not covered by the conditions of the contract. It includes addenda, supplemental specs, special provisions & bulletins referred to the contract documents together w/ all the written agreements made.
Specifications
A contractor duly registered & licensed by the Phil. Contractors Accrediation board having a direct contract with the contractor who acts for on in behalf ofthe contractor of executing any part of the contract. One who merely furnishes materials w/o labor is a supplier & not a sub-contractor.
Sub-contractor
Refers to additional info, w/c may be issued as an addition to or amendment of the provisions of the specifications.
Supplementary specifications
The person, firm or corp. w/c issues the bond required of the contractor.
Surety party
Means information, advice or notification pertinent to the project delivered in person or registered mail to an individual, firm or corp. at the latter’s last known business address.
Written notice
