Embed construction in the Administration Agreement

Aug 6th, 2022
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How to embed construction in the Administration Agreement

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[Music] my name is Kirsty and lvesque I work for Bill Corp as a contract administrator Ive been with Bill Court for three years before that I worked for a Tier one company so yeah four years in the industry basically were based on site part of the project team so as a contract administrator basically we assist with anything that you know the site managers and site supervisors me originally are like finishing school I wanted to be an interior designer first year straight out of school I did that in uni and then sort of realized it wasnt for me I didnt think I was going to enjoy it I took a break from uni for six months and then did a bit of research and construction stuck out to me it was I guess a point of difference if it wasnt going to be a standard nine-to-five job is going to have its challenges that sort of was interesting to me I did too great for four years construction management typically second third year you try and get a job in the industry so you start off as a build

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Generally speaking, the contract administrator plays an intermediary role amongst the many parties involved in a construction agreement, safeguarding contractual compliance and fostering relationships.
A construction contract is a mutual or legally binding agreement between two parties based on policies and conditions recorded in document form. The two parties involved are one or more property owners and one or more contractors.
Payment provisions are one of the most important parts of a construction contract. These provisions are typically known as pay-when-paid and pay-if-paid provisions.
That said, its important to understand that there are four main types of construction contracts between GCs and subs: Fixed price/lump sum. Time and materials. Cost-plus. Unit price contract.
A unilateral modification (change order) may be used to: Make administrative changes. Issue change orders under a contract change or other clause.
Contract administration in the construction industry is the management of the contract between the: Builder or principal and subcontractor; and. Builder and client.
A stipulated sum contract, or a lump sum or fixed price contract, is the most basic form of agreement between a contractor and owner and should be used if the scope and schedule of the project are suitably defined to allow the contractor to fully estimate project costs.
A contract document serves as a legally binding agreement between parties, outlining the terms, conditions, rights, and obligations of each party involved. The contract document may include: The main agreement. Drawings.

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