What are contract documents?

Construction “Contract Documents” are the written documents that define the roles, responsibilities, and “Work” under the construction Contract, and are legally-binding on the parties (Owner and Contractor). Common examples of vagueness in this regard include phrases such as, “the Contract Documents…

What is included in the contract documents?

On design and build projects, the contract documents may comprise:

  • The articles of agreement and conditions of contract.
  • The employer’s requirements.
  • The contractor’s proposals.
  • The contract sum analysis.
  • Possibly bills of quantities (for some or all of the design).

What are the types of contract document?

Construction Contract Documents

  • Contract drawings and specifications.
  • Priced bill of quantities.
  • Construction programme.
  • Project quality management plan.
  • Project health and safety plan.
  • Conditions of contract.
  • Risk insurance.

What are the six major parts of contract documents?

6 Essential Elements of a Contract

  • Offer.
  • Acceptance.
  • Awareness.
  • Consideration.
  • Capacity.
  • Legality.

What is legal contract documents?

Contractual Documents means all documents setting forth Consultant and Authority obligations and responsibilities and includes, but is not limited to, the RFP, the Proposal, this Agreement, any Amendments and addenda, and all exhibits and schedules attached to such documents.

What are the 5 elements of a contract?

The 5 elements of a legally binding contract are made up of:

  • An offer.
  • Acceptance,
  • Consideration.
  • Mutuality of obligation.
  • Competency and capacity.

What is contract and contract documents?

Contract Document is the written documents that defines the basis of contract including both parties’ roles, responsibilities, and detailed description of the work or service such as drawings, specifications, procedures, any other conditions, etc.

What is an example of a construction contract?

Examples of construction contracts include those negotiated for the construction of highways, buildings, oil rigs, industrial units, pipelines, airlines and other similar assets. IAS 11 deals with accounting of construction contracts from the perspective of the contractors who undertake such projects on behalf…

What is a contract form in construction?

Construction Contract Form. A construction contract form is a formal and legally binding document that is formed when a construction company and a customer or client agree to a certain number of terms and conditions which bind them together for a specific period of time.

What is contractors agreement contract?

An Independent Contractor Agreement is a written contract between two parties for a specific service or project. One person or company is hiring another to help on a short term task. Unlike an employment agreement, this document clearly spells out why the party being hired is not an employee for legal and tax purposes.

What is a new construction contract?

New Construction Contract. Standard. A new construction contract is a document signed between two parties one of which is the construction company and other is the client who wishes to get a new construction work done.