Valuation is the process during the construction phase that the Contract Administrator is checking the works progress and verifies it before issuing a payment certificate (Interim/Final) to the Client.
Section 4
Product information is the specific information provided from the supplier(s) with regards to the products that have been selected to be used in a project.
A valuation is the process in which the completion of a certain amount of works carried out by the Contractor, is verified by the Contract Administrator prior to requesting a payment from the Client.
A Contractor is paid on the basis of the initial agreement with the Client in terms of payment frequency, depending on the size of the project.
When a client is constantly adding more work than was originally agreed, you might find yourself in a situation called ‘Scope Creep’.
Site vandalism is not uncommon and the responsibility for preventing it depends on the stage that the project is at.
When an individual client goes bankrupt or a business entity in general files for bankruptcy, an automatic stay is triggered on all collection actions, legal proceedings and judgment enforcement activities.
In a scenario where the contractor hits a water main, one of the first actions taken to identify who’s fault it was would be to check if there is a drawing in place showing the services with relatively adequate precision.
A Variation is only one of the various types of Instructions that the Contract Administrator has the power to request.
A pay-less notice can follow an interim certificate to allow the client to pay the contractor less than the amount stated on the certificate.
A Variation (sometimes referred to as a variation instruction, variation order or change order) is an alteration to the scope of works in a construction contract in the form of an addition, substitution or omission from the original scope of works.
orking day is any day in which construction work will be carried out. This is not just full days of construction work.
The person responsible for Health & Safety on a project, depends on the construction phase and it is either the PD or the PC.
Since the CDM Regs 2015 apply separately for each contract, individual Health & Safety files would need to be prepared. Even if these individual contracts are small sections/phases of a large project, they still require their own H&S file prepared.
A person day is one person working a normal working shift. Some projects have more than one shift per day, for example a day shift and a night shift.
Under the CDM Regs 2015, the thresholds for a project being notifiable to the Health & Safety Executive (using the F10 form) are the following:
Contract termination can occur on the basis of any of the following instances: Performance/Completion, Breach of contract, Mutual / Prior agreement, Frustration / Rescission, Impossibility of Performance, Insolvency / Bankruptcy.
Letting a contract begins with the letter of acceptance from the Client through the Contract Administrator after assessing the valid tenderers.
Contract documents in construction provide the backbone for a successfully delivered project. The more detailed they are, the better everything progresses and issues can easily be sorted between all parties involved, especially in the case of dispute resolution.
A standard form of contract gives certain privileges that are not usually offered by a bespoke contract. The main ones…