Slide drawing in the Home Inspection Services Contract

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How to Slide drawing in the Home Inspection Services Contract

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hello this is uh richard law with the society of field inspectors let me talk to you a little bit today about the uh the draw inspections there are the draw inspections are a popular inspection there are a lot of those that are accomplished every year and theyre pretty much a favorite for uh most field service inspectors what i mean let me explain to you what a draw inspection is lets say you go out and you buy a lot youre going to build a home you purchased a lot and then you go to the bank and you say hey i want to build a loan and you want to tell them you know all your requirements and and get a loan approval and then what the bank does is once they approve your loan is they dont pay the builder in one lump sum what they do is they pay the builder in whats called draws in other words they do a little work they get paid they do a little bit more work they get paid some more they do more work and they get paid some more and then when they finish the house theres a final payment

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Why is inspection and acceptance important to the Government?

Why is inspection and acceptance important to the Government? FAR 46.5 Risk of loss of or damage to supplies shall remain with the contractor until, and shall pass to the Government upon Delivery or Acceptance. After 30 days without rejection, it is considered accepted by the GOV.

What does the inspection clause for cost reimbursement contracts allow for the contractor?

Under cost- reimbursement type contracts, the Inspection of Supplies clause provides that corrections or replacements are to be made without cost to the Government if the defects are the result of fraud or other causes of the types listed in FAR 52.246-3(h).

What is the inspection and acceptance criteria for fixed price deliverables?

CLC 222 Lesson 4 Answers 1) Inspection and acceptance criteria for fixed-price deliverables include: Evaluation of the expenditure rate Monthly invoices Cost monitoring Timeliness 2) The Contracting Officers Representative has authority to approve overtime requests from the contractor.

What is the inspection and acceptance clause?

(c) The Government has the right to inspect and test all supplies called for by the contract, to the extent practicable, at all places and times, including the period of manufacture, and in any event before acceptance. The Government shall perform inspections and tests in a manner that will not unduly delay the work.

What is the inspection clause for construction contracts?

This clause places the obligation to inspect the work on the contractor to ensure that it conforms to the contract requirements. This is known as the quality control system. The government may inspect at any reasonable time before acceptance to ensure compliance with the contract.

What is inspection agreement?

Inspection Agreement means that certain Inspection Agreement dated May 8, 2006 between Seller and Purchaser. Inspection Agreement means the tri-party agreement among Lender, Borrower and Inspector providing for the services of, and payment by Borrower to, the Inspector.

What is the purpose of a home inspection contract?

A pre-inspection agreement should be signed by clients before a home inspector performs an inspection. A pre-inspection agreement sets clear expectations and protects the home inspector against future claims and disputes.

What is acceptance as defined by the FAR?

Acceptance means the act of an authorized representative of the Government by which the Government, for itself or as agent of another, assumes ownership of existing identified supplies tendered or approves specific services rendered as partial or complete performance of the contract.

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