Showing posts with label Project Forms. Show all posts
Showing posts with label Project Forms. Show all posts

Tuesday, March 18, 2014

007300 - SUPPLEMENTARY CONDITIONS

 WHY?

Why would you need a Supplementary Conditions document? There are many topics in the standard General Conditions that design firms, Owners, or negotiated Contractors may want to modify or add for a project or as their standard practice. These can be done in a concise manner that is called the Supplementary Conditions. In this way, all the benefits of a standard set of documents may still be retained:
  • Cost savings for bidding and administering the Contract because of familiarity.
  • The individual Specification Sections and Drawings hinge upon provisions

Monday, March 17, 2014

006000 - PROJECT FORMS

AIA contracting forms and conditions of the contract are often standardized documents incorporated by reference into the Specifications.

 WHY?

  • The standard AIA documents are proven and comprehensive. Everyone's risks are better known through familiarity, reducing many types of costs.
  • Incorporating standard documents by reference is very abbreviated and yet can have the same legal effect as if they were printed in their entirety.

006100 - BOND FORMS

What are construction bonds? No, we're not talking about Agent 007, but rather another type of bond that can rescue your project nonetheless!

Performance Bond

What happens if the contractor you hired goes out of business? Or just decides to walk away from the project? If your project has a performance bond, you can be glad you required it, and you can hire another