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This document outlines the standard terms and conditions applicable to construction contracts involving the Public Building Commission of Chicago, with specific provisions for compliance, contractor
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How to fill out book 2 - standard
How to fill out BOOK 2 - STANDARD TERMS AND CONDITIONS FOR CONSTRUCTION CONTRACTS
01
Start with the title page: Fill in the project name, contract number, and date of the contract.
02
Read through the introduction carefully to understand the scope of the conditions.
03
Complete the definitions section by filling in terms that are relevant to your contract.
04
Fill in the contractor's information including the name, address, and contact details.
05
Provide details about the owner, including full name and address.
06
Specify the scope of work: Clearly define what work the contractor is required to perform.
07
Set the terms of payment, including the payment schedule, payment methods, and any retainage.
08
Enter the timelines for commencement and completion of work.
09
Understand and fill out the conditions regarding site access, permits, and inspections.
10
Complete the dispute resolution section, outlining how disputes will be handled.
11
Review the termination conditions, stating the circumstances under which the contract can be terminated.
12
Include any additional clauses or modifications that are specific to your project.
13
Finally, ensure all parties sign and date the contract to make it legally binding.
Who needs BOOK 2 - STANDARD TERMS AND CONDITIONS FOR CONSTRUCTION CONTRACTS?
01
Contractors looking to formalize agreements for construction projects.
02
Project owners needing to set clear terms and conditions for construction work.
03
Architects and engineers involved in construction projects requiring standard contract terms.
04
Legal professionals advising on construction contracts.
05
Construction managers overseeing project execution and compliance with contract terms.
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People Also Ask about
What is a standard form of building contract?
Standard Form Contracts are agreements that employ standardised, non-negotiated provisions, usually in pre-printed forms.
What are the 4 real contracts?
real contracts are deposit, pledge, commodatum and simple loan (mutuum).
What are the 4 construction contracts?
In this article, we will review the most common types of construction contracts, including a cost plus contract, lump sum contract, unit price contract type, and time & material contract.
What is a condition in construction?
General conditions are usually described as the cost of managing a construction project. Examples include salaries for personnel like project managers, supervisors, engineers, field office staff, as well as the cost of field trailers, office equipment and supplies, and anything necessary to support the staff.
What are different types of construction contracts?
Types of construction contracts: cost-plus construction contract. design and build contract. guaranteed maximum price contract. incentive construction contract. integrated project delivery contract. lump-sum contract. time and materials contract. unit price contract.
What are the four types of contracts?
4 Common Types of Contracts Non-Disclosure Agreement. Companies often request or provide a Non-Disclosure Agreement (NDA) when they have sensitive or confidential information to disclose. Master Services Agreement. Order Form. Buy-Side Contracts.
What are the 4 main types of construction?
The four main types include residential, commercial, industrial and infrastructure construction, but there are other types of construction as well as different ways to classify them, such as by sector, owner, occupancy or fire resistance.
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What is BOOK 2 - STANDARD TERMS AND CONDITIONS FOR CONSTRUCTION CONTRACTS?
BOOK 2 - STANDARD TERMS AND CONDITIONS FOR CONSTRUCTION CONTRACTS is a document that outlines the standard contractual obligations, rights, and responsibilities of the parties involved in construction projects. It serves as a framework for legal agreements in the construction sector.
Who is required to file BOOK 2 - STANDARD TERMS AND CONDITIONS FOR CONSTRUCTION CONTRACTS?
Typically, contractors, subcontractors, and any parties involved in the execution of construction contracts are required to file BOOK 2. This includes those seeking to formalize their agreements under established construction industry standards.
How to fill out BOOK 2 - STANDARD TERMS AND CONDITIONS FOR CONSTRUCTION CONTRACTS?
To fill out BOOK 2, parties need to carefully read the terms outlined in the document, complete required sections with relevant project details, such as contractor and client information, project scope, timelines, and financial terms, and ensure all necessary signatures are obtained.
What is the purpose of BOOK 2 - STANDARD TERMS AND CONDITIONS FOR CONSTRUCTION CONTRACTS?
The purpose of BOOK 2 is to provide a clear and consistent set of terms that govern the relationships and responsibilities of parties in construction contracts, thereby reducing misunderstandings and legal disputes.
What information must be reported on BOOK 2 - STANDARD TERMS AND CONDITIONS FOR CONSTRUCTION CONTRACTS?
Information that must be reported on BOOK 2 includes the contractor and client's names, project specifications, rights and obligations of each party, payment terms, completion timeline, and dispute resolution procedures.
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