![]() ![]() ![]() Standard form of contract - mostly written for construction stage of projects for contractors and subcontrators - some specifically for design process, suppliers, and specialist functions - terms and conditions - can be amended to include specific terms or conditions factors - published standard form to satisfy requirements? What if contractor wants to use own contract form? What if the client wants alteration made to the standard form? Advantages - avaliable off the shelf - familiarity - increases certainty - agreement and support from professional bodies - incorporate dispute resolution mechaisms - tried and tested in courts (precedents and clarifications). Contractor agrees to undertake work and be paid prime cost or actual cost of labour, plan and materials agreed fee to cover management, overheads and profit - work commences on site immediately if sufficient spec avaliable - often only way of carrying out investigation work -ideal for coping with emergencies - production cost savings and improved productivity -client pays a premium to cover risk suitable procurement routes - traditional - management contracting - construction managment suitable projects - emergency situations, repairs or projects - investigative work - opening up works. ![]()
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