Contract Assignment example
Undergraduate
Assignment
Engineering and Construction
Pages 3 (753 words)
Download 0
S/No. Question Answer Article from text to support Answer 1. What is the date and time of bid opening On the 12th Day of December 2012 On the Title :Date: 12/8/2012 2. What is the penal sum of the required performance bond? 100% of the total contract Article 6 Sub-article 4 3…

Introduction

There are six milestones: Materials (90 days) Construction work (2.5 years) Construction/ handicraft work (21/2years) Installation work (23/4 years) Restoration/clean-up of project site (After 3 years) Other work (After 3 years) Article 3 Sub article 3.5 6. What is the amount of liquidated damages for each day that each milestone is late? 0.5 % of the total contract for each day Article 6 Sub-article 6.7 7. Does the government have the right to occupy a completed part of the work? No 8. How long does the contractor have to perform the entire project? 1095 days from day of signing of contract Article 3 Sub-article 3.1 9. How many bid items are there? Six Article 1: Subject of the Contract 10. How often can the contractor expect to receive progress payments? -20 (twenty) % of contracted value within 1 (one) day of signing contract - 30 (thirty) % of contracted value upon 50 (fifty)% of contracted works - 40 (forty) % of contracted value after handing over of object. -10 (ten) % of contracted value three months after handing over of object Article 4: Payment Schedule Sub-article 2 11. Reproduce the clause pertaining to suspension of work? This Contract may be suspended by MERCY CORPS based on poor, or non-performance or unnecessary delays, by the Contractor. Article 11 Sub-Article 2 12. Reproduce the clause dealing with variations in work quantities. ...
Download paper
Not exactly what you need?

Related papers

Contract Administration
University Name: East London Department: Architecture, Computing & Engineering Student’s Name: Unit/Unit Number/Title: CE 2218 Contract Administration Title of the piece of Work: Tort: Trespass/Nuisance.
Pre-Contract Cost Planning and Cost Controlling
Cost planning not only enables capital cost budgets to be set but also provides a structure to accommodate as well as manage transformations to the client’s brief and design (Murdoch & Hughes, 2007, p.80). An effective Cost plan enables a client together with the design team to understand where and how finances have been allocated towards the completion of a project. On the other hand, Cost…
NEC3
As a contract administrator you have been tasked to produce a report explaining how the NEC3 Contract works and how it differs from the JCT2011 Contracts highlighting the possible implications for administering a project with the NEC3. Introduction New Engineering Contracts 3rd Edition or NEC3 is a modernistic family of contracts of contracts. It helps in implementing construction project…
contract adminstration report
It also explains the reasons why the employer should include them in the contract. Offsite Materials Bonds: Offsite materials include all listed items in the contract which have not been delivered to or close to the site of the project. These materials are insured by offsite material bond. Therefore, the inclusion of this bond in the contract insures the employer against the losses incurred for…
coursework 2
The project must be delivered within the stipulated time and within the projected budget cost. Such expectations with time require strict operation and ultimate discipline especially with procurement and implementation. Considerations when Accepting a Contractor’s Work Programme When evaluating the possibility of accepting a contractor’s work programme in regard to a construction project,…
Project Management,
The involvement of the other tenderer that would assist to reduce the gap between the tender and the budget by offering a better solution out of experience from working with different types of tendering items. The tenderer can give directions of acquiring cheaper tools. At the same time, the tenderer can promise to offer a cheaper tender for the same contract. If there is a significant discrepancy…
NEC ECC Contracts
General Construction. Contract Principles The Housing Grants, Reconstruction and Regeneration Act 1996 (HGRRA) focuses on payments under a construction contract. Specifically, the Act states that, when a construction contract is for 45 days or more that the party to the construction contract is entitled to installment payments (HGRRA 1996 §109). Section 111 of the HGRRA 1996 states that a…