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YUSUF OZ FATIH BOLUKBAS HUSEYIN ANIL KARABULUT. A contract is a legally binding agreement between two or more parties.

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Presentation on theme: "YUSUF OZ FATIH BOLUKBAS HUSEYIN ANIL KARABULUT. A contract is a legally binding agreement between two or more parties."— Presentation transcript:

1 YUSUF OZ FATIH BOLUKBAS HUSEYIN ANIL KARABULUT

2 A contract is a legally binding agreement between two or more parties.

3 Preamble Introduction Body Boilerplate Ending and Signatures

4 1) Agreement 2) General Conditions 3) Supplementary Conditions 4) Technical Specifications 5) Drawings 6) Addendum 7) Bonds 8) Insurance 9) Contractor’s Bid or Proposal 10) Notice of Award 11) Notice to Proceed

5 The agreement is the main document used to signify and formalize the contract between the parties.

6 The General Conditions are the legal standards for parties to promote fair and objective contractual stipulations.

7 The Supplementary Conditions is the part of the Contract Documents where an Engineer or Owner can amend, modify, or supplement the articles of the standardized General Conditions.

8 developed by the engineer or the architect of the project. provided to give the contractor guidelines to follow during construction in conjunction with project design. the type of material, pertinent material data, and performance requirements of the material placed in construction are stated. do not dictate to the Contractor how to install the material.

9 it was organized in 1948 to bring uniformity and standardization to construction industry during post war boom. the foremost organization with regard to standard specifications not the only way to reach technical specification. CSI specs are divided in sixteen distinct and unique sections called Divisions.

10 Procurement and Contracting Requirements General Requirements Site work Concrete Masonry Metals Wood, Plastics, and Composites Thermal and Moisture Protection Doors and Windows Finishes Specialties Equipment Furnishings Special Construction Conveying Systems Mechanical Electrical

11 Basis for the project Part of the agreement

12 issued to modify, add or delete any part of the Contract Documents. supersedes the information that it modifies, adds, or deletes. facilitate adjustment to a Contractor’s bid.

13 Bonds are the legal documents that guarantee to an owner that the project will be completed, is constructed properly, and all labour, material and equipment will be paid for in the event the Contractor defaults on the original contract. Bonds include bid, performance, payment, maintenance instruments of security.

14 Bid bond : successful bidder will enter into the work Performance bond: guarantees the owner that the project will be completed for the contract price. Payment bond: guarantees the owner that all labour, equipment, materials will be paid. Maintenance bond: guarantees the owner that any defects found after the work has been completed.

15 Carry insurance to protect the public and financial interests of the parties involved in the project. The types of coverage and policy amounts can differ by project or owner.

16 A bid is the price proposed by a Contractor to complete the work described in a set of contract documents. Bids are submitted in two formats: lump sum and unit price.

17 A lump sum bid is comprised of a total price to complete all of the work. A unit price bid proposal is based on the designer’s interpretation of the major items of work and the quantity of each item.

18 The Notice of Award is the written notice by the owner to the apparent successful bidder showing that the owner will sign the agreement. The Notice to Proceed is a written notice from the owner to the Contractor that establishes the date on which the Contractor shall begin performing its duties and obligations.

19 Standard General Conditions of the Construction Contract (Engineers' Joint Contract Documents Committee, 1983 Edition)

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