Engineering and Construction Contract
Project description
Please, the Assignment should be three pages without the construction contract.(Read the problem
decription carefully).
Problem Description:
Get hold of a real or sample construction contract and answer the following questions.
Questions
1. What is the date and time of bid opening?
2. What is the penal sum of the required performance bond?
3. Will there be a pre-bid conference?
4. What is the number of days that bids must be held open for acceptance?
5. How many and what are the milestone completion dates?
6. What is the amount of liquidated damages for each day that each milestone is late?
7. Does the government have the right to occupy a completed part of the work?
8. How long does the contractor have to perform the entire project?
9. How many bid items are there?
10. How often can the contractor expect to receive progress payments?
11. Reproduce the clause pertaining to suspension of work?
12. Reproduce the clause dealing with variations in work quantities.
13. Reproduce the clause dealing with differing site conditions?
14. Reproduce the clause pertaining to changes in the work?
15. Reproduce the clause pertaining to default terminations and excusable delay?
16. Reproduce clause for termination of the contract for the convenience of the owner?
17. Reproduce clause concerning contract disputes?