A payment bond. 2. What is the purpose of the following documents in a construction contract? A. General conditions b. Special conditions c. Addenda d. Technical specifications a. The purpose of the general conditions is to provide the legal framework for the construction contract and promote fairness among all contracting parties. They detail the rights, responsibilities, and relationships of the owner, contractor and architect or engineer who will be working with both parties throughout construction. B.
The purpose of the special conditions is to identify any specific conditions and clauses for I OFF c.
The purpose of the addenda is to make changes, corrections, additions, or support the information in the original construction contract. The addenda is usually issued by the owner to the contractor during the bidding process. D. The purpose of the technical specifications is to provide details of the schedule, interior design, and exterior design. It translates the client’s requirements into the eventual building/erecting of infrastructure. 2. Why is the contractor normally required to submit a bid bond when making a proposal to an owner on a competitively bid contract? The contractor is required to submit a bid bond because it shows proof of guarantee to the project owner that the contractor can comply with the bid contract and also that they can accomplish the Job as laid out in the contract.
A bid bond states that the contractor has the capability to take on and implement the project once they are selected during the bidding process. 2. 7 What is the Miller Act and what does it specify regarding government contracts?
The Miller Act is the law that requires contract surety bonds on federal construction projects.
The Act requires that every contractor bidding on a federal project has to post a performance bond and a payment bond that covers all labor and material. Any contract exceeding $100,000 working or planning to work on any building or property of the United States is affected by this law. 2. 8 What is the purpose of the notice to bidders? The purpose of the notice to bidders is to inform prospective bidders of the bidding procedures and the opportunity to submit a bid. . 9 List the various specialty groups that are normally involved in the design of a gig-rise building project The various specialty groups that are involved in the design of a high-rise building project are the financial planning consultants, the architectural and engineering firms, the design and construction firms, the construction managers, the operation and maintenance managers, and the facilities management. Assessment of a contractor? Investigate the local criteria used in the pre-qualification of both small housing and general contractors.
The major parameters to be considered in the prettification assessment of a annotator are: the firm’s expertise and capabilities in accomplishing similar type of construction (documentation necessary), and statutory certifications. The local criteria used in Miami for pre-qualification are: being a contractor registered with Miami- Dade County, and being a registered vendor with the Department of Procurement Management. The contractor will have to be available to perform the work at the proper time in a high-quality manner, minimize inconvenience to the public, use adequate equipment and facilities, and have approved insurance.
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