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