construction contract Essays

University of Phoenix Material: Elements of a Contract Scenario Read the Elements of a Contract Scenario.

ii) When dealing with customers, Eden Sounds prefer to use a “Standard form contract”. Explain what a ‘standard form contract’ is, and list the advantages to both parties in using them.

Explain why it is important to have an intention to create legal relations when making a contract and why is consideration of the parties to the agreement necessary-:

Contractors bid on U. S. Federal Construction projects and most contracts for federally assisted constructions exceeding $2,000 required to pay their employees the standard wage and benefit package that workers in the area performing similar work are earning the

Pat was very frustrated because she wanted to purchase a home but lacked the funds or credit to do so even though Pat was expecting shortly to receive a one-half million dollar final installment payment for some land she sold several years earlier. Dan knew that Pat was very interested in purchasing a home and approached Pat with a proposal to assist Pat in buying a home. Dan told Pat that he would help Pat with the financing. After finding the home she wanted to buy for $250,000, Dan and Pat orally agreed that Dan would purchase the home and "when you come up with the money, I (Dan) will sell it to you (Pat) for $250,000 plus a fair commission to be determined."

4. Name two types of negotiated contracts and describe the method of payment and incentive concept.

Post these responses directly in your private student journal.  Your assignment is due Wednesday, April  10th. Then a forum will open for each of these assignment questions. Please write two-to-three paragraphs per question.

From the given situation, I believe that purchase contract negotiation involves clarification and mutual agreement on the structure and requirements of the contract and I acknowledge the positions of both parties to gain the first step of forming the contract. I utilize active listening and collaborative communication techniques at the first stage of forming a contract. These techniques allow me to focus on both sides must recognize basic areas of contract agreement and the importance of other terms and conditions.

If you are thinking about starting your own business you may also be considering building from scratch. When it comes to building your own business you really do have a lot of options available to you. Most people will get a loan in order to cover the cost of building the new business. Since you are not building a home a regular mortgage will not be an option for you in this case. You will basically want to look into a new construction loan. New construction loans are basically short term loans that will help you to build your business literally from the ground up. You should keep in mind that these types of loans do carry a very high interest rebate, although in some cases you may be able to get a good deal which would lower the interest rate for. One thing that some people fail to take into consideration is the fact that you will have to make some payments during the construction phase. Some people fail to do their research and find this out the hard way. So don 't think that once your business is up and running then you will have to start payments. You will have to start making the payments even before the materials for your building arrive. One thing that you will want to avoid is getting a new construction loan online. Of course by doing this you will be making the process easier, but you will not have the opportunity to ask as many questions as you should. Remember building your own business is a big step so you want to make sure that you are clear on everything

This essay will examine how to best prepare a contract administration plan. The contract administration plan will examine different methods used in preparing a plan. This essay will explain how important it is to have technical and other support of personnel, the importance of surveillance, and to determine what functions need to be delegated, identify qualified personnel as well as authorized, it is necessary for the Contracting officer to be represented in administering contract requirements. Also there will be a discussion on what is determined

terms of time can be managed in this scenario, as there is no specific delivery

Contracts are used in many different forms and for just as many different situations within our everyday lives. Some contracts are more involved than others and for some; contracts are an essential of their success. As we continue, we will take a look at different types of contracts with the main focus on enforceable contracts. With so many elements that are incorporated into any contract, the six essential elements of enforceable contracts will be the main focus of this writing. Having a clearer understanding of the essentials of life will help prepare us for life’s curves that may come our way.

Introduction: In this assignment I will go over a few legal terms in relation to contract law. I will also talk about a few precedents that help explain the law.

1. For the following types of undertakings, which contract modes are most appropriate? Be prepared to explain the rationale behind your choice.

This practice note sets out a number of fundamental legal and business considerations and issues to address in the context of a project finance transaction.