Describe the management and Turnkey Contracts?

Q: Who is the Employers Agent?

A: Employer's agent is defined as the term which is used for the description of the agent who is…

Q: Who  is empowered to execute contract modifications orChange Orders?

A: Contract modification means any legal change to the terms of a contract.

Q: What is lump sum contract?

A: The lump sum contract is the traditional method of contracting in which the contractors are required…

Q: Why do the contract change need evaluation?

A: An agreement which follows the law is known as contract. The contract in construction is mutual or…

Q: What is contract? Discuss different types of contracts in detail with suitable examples

A: A Contracts is a legal framework or a set of rules which are carried out to establish a legal…

Q: Name the laws that govern the procurement of engineering and construction services.

A: There are many business and construction areas and companies available and each one of them needs to…

Q: Briefly explain why the contract is the most important part of construction projects

A: Brief Concept- Contract- It is an agreement between the two or more parties and it is enforceable by…

Q: What are common contract documents?

A: In construction, contract documents are the written documents that describe the work,…

Q: What are the five principles of contract administration?

A: Six priciples of contract management:

Q: What are the contract modifications?

A: Contract is the agreement between two persons or two parties. one party will be a buyer or one buyer…

Q: How is a contract executed?

A: An executed contract can be defined as an agreement that has been signed by all the concerned…

Q: What are the three principal “parts” of the contract specifications document (or CSI “Project…

A: Construction specifications describe the project and the workmanship required to accomplish a…

Q: What does the negotiation involve?

A: A Negotiation could be a strategic discussion that resolves a difficulty during a method that each…

Q: Define the term fixed-price contracts?

A: A fixed-price contract is also known as a lump-sum contract or a firm-price contract. It establishes…

Q: what are the legal issues of using BrIM as contract documents ?

A: BIM LEGAL ISSUES BIM: Recognising your obligations and limitations 1. This article considers two…

Q: What is Specifying Partnering?

A: Partnering is a project teamwork approach designed to allow the design and construction process to…

Q: Classify some of the  claims issues?

A: The construction claim is defined as a claim against the owner, by the contractor, or a claim…

Q: Name the four of the principal types of contractual relationships frequently encountered in…

A: Following are the four principal types of construction contracts: 1) Lump Sum Construction Contract:…

Q: Where a contract document lists an order of precedence,what effect does that provision have on…

A: An order of precedence is listed to resolve any disputes that arise from the conflicts between the…

Q: What are the Public works contracts called?

A: The public works contracts are the contracts for financial interest decided in writing between a…

Q: How does the contract administration use the  work flow?

A: Contract administration could be defined as a multi-stage process that goes on through the entire…

Q: What are construction contracts?

A:

Q: Describe the Project Delivery System?

A: The project delivery system is a process which is used to assign the responsibilities of the…

Q: What is included within the final account?

A: A final account in construction is defined as, the accepted statement of the amount of money to be…

Q: Describe the project delivery method?

A: Project delivery method:

Q: Define the term negotiation?

A: Negotiation is indeed a tactical conversation which settles a problem in a way which is satisfactory…

Q: Sourcing Criteria includes

A: Context: Sourcing criterias

Q: What are the types of Drawings comprising to construction contract?

A: Drawings help to understand the various minute details of the construction project. Drawings are an…

Q: Name the five principles of contract administration

A: The contract administration is the method of administrating contract analysis, creation and…

Q: How to go about approval of specification if the Employer's agent in the General Conditions of…

A: The definition of the employer’s agent is fundamental to  being able to manage and complete his or…

Q: What are the obligationsb contractor related to punch list?

A: A punch list is a report made near the end of a construction project listing work not according to…

Q: Name the participants involved in the Construction Projects?

A:

Q: Describe the term “Order of Precedence of Contract Documents?

A: Construction contracts are a collection of various documents drawn up by various participants of…

Q: What is the Project Delivery System?

A: The process of designing and construction of a project for an owner is known as Project Delivery…

Q: Outline the differences in project controls on parties' interests between the Standard Form of…

A:

Q: Why are monthly reports of Contract Performance important?

A: The report that provides cost of contract and its total schedule and its performance data to…

Q: What is the other name for general conditions in construction contract?

A: General conditions are one that are not included once the project has been finalized in the  actual…

Q: What are bid documents?

A: A bid document is defined as an output of the planned procurement management process. It is used…

Q: Must a contractor accept and perform all the work involvedin each contract change order? Is there a…

A: Contractor accept and perform all the work involved in each contract change order; A contractor,…

Q: What is the procedure of Contract Submittals?

A: The contract submittals are the documents that serve as contractor’s proof of complying with the…

Q: What are the disadvantages of the written contracts?

A: Written contract: A written contract could be a written agreement between 2 parties, one a borrower…

Q: Write some of the common conditions that generally give rise to the need for a contract change…

A: Contract Change Order : A contract change order is work that is applied to or removed from the…

Q: Briefly explain why the contract is considered the most important part of construction projects

A: An agreement/bond between bodies creating mutual obligations enforceable by legislation. The general…

Q: What is the order of Precedence of contract documents?

A: Construction contracts are also very broad and contain a lot of different number of documents such…

Q: What is Open Shop Contracting?

A: Open Shop Contracting - Open shop contracting means a factory, office, or other business…

Q: What is necessary to form a contract?

A: These are the key elements of a contract: Contract Basics Agreements are lawful arrangements between…

Q: Explain the following terms in detail.  i) Contract ii) Types of Contracts

A:

Q: 9. Name the five principles of contract administration?

A: contract administration five principles are as follows:

Types of Contracts

A verbal or written agreement between a person and a firm, for undertaking construction, material supply, maintenance, and repair work which is enforceable by law is termed as a contract. The person who undertakes the contract for execution of the work is termed as a contractor. The contracts are classified into different types depending on the nature of the contract.