What is the contract document?
Contract or Contract Document means the written agreement executed by the Owner and Contractor setting forth the obligations of the parties, including but not limited to performance of the work, furnishing of labor, equipment and materials, and the basis of payment.
What does punch list mean?
A punch list (also called a snag list, deficiency list, or punch out list), ing to the online Business Dictionary, is “a document listing work that does not conform to contract specifications, usually attached to a certificate of substantial completion.” Put simply, it is a list of to-do's that need to be ...
What is a punch list in construction project?
A punch list is an itemized checklist of outstanding tasks needing attention. Also called a snag list or deficiency list, a construction punch list includes any work that was not completed ing to specifications or any items that need correction, such as incorrect installs or improper building functionality.
What are the contents of a contract document?
Obligations of parties to the agreement (the private party, the contract awarding agency and the government) Tenure of contract and access rights to the project site. Ownership of land and facility. Sector specific special issues.
What are the 5 essential elements of a construction contract?
5 Key Elements Every Construction Contract Should Contain 1) The project's scope. ... 2) The cost and payment terms. ... 3) The project's time frame. ... 4) Protection against lien law. ... 5) Dispute resolution clauses.
What are the 4 requirements for a valid contract?
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
What does RFI mean in construction?
What Is an RFI in Construction? In construction, a request for information (RFI) seeks the clarification of plans, drawings, specifications, and agreements. The construction RFI is a formal written process in which parties, such as the contractor and designer, clarify information gaps in construction documents.
How to write an RFI example?
RFI example Company name: (your company name) Company address: (your company address) Project name: Branding design. Contact information: (your company email address and phone number) Date issued: (when you sent out the RFI) Date due: (when you expect to receive a response)
What is included in the contract documents?
Contract Documents means collectively the Tender Documents, Designs, Drawings, Specification, Schedule of Quantities and Rates, Letter of Acceptance and agreed variations if any, and such other documents constituting the tender and acceptance thereof.
What does a RFI contain?
An RFI, or request for information, is a questionnaire document that asks suppliers for general information about their company and the solutions they provide. Because each prospective vendor answers the same questionnaire, comparisons are easy.