Definitions Flashcards
Acts of God
Events causing a project delay that are not caused by the owner or the contractor. Such delays often result in adjustments to the contract duration but not to the contract amount
Actual acceleration
An increase in the pace of construction as a result of a specific directive from the owner
Addenda
Formal changes or clarifications issued to all identified bidders by the owner or the owner’s representative during the bidding period.
Additional work
Construction work that was not recognized at the contract award but that must be performed in order to deliver a project as planned.
A structural member may be designed to occupy the same space as air ducts. This will require additional work.
Adverse weather
Weather conditions not anticipated in a particular location for a particular time of the year that impede construction progress
Advertisement
A public announcement to solicit bids for a construction project.
Agency Agreement
An arrangement between a principal and an agent by which the agent agrees to perform certain tasks for the principal. The principal is bound by the actions of the agent.
Agent
A party who acts for another party and binds that party by those acts.
Alternates
An itemization of selected items of work for which bidders are asked to provide prices that will add to or subtract from the base bid. These priced items will give the owner greater flexibility in choosing items to add to or delete from the contract.
Alternative dispute resolution technique (ADR)
A means used for settling conflicts by means of an alternative procedure to formal litigation.
Arbitration
A well established alternative to litigation in which the conflict is resolved by an impartial third party or an impartial panel of selected individuals.
As-built drawings
Also called as-builts; project drawings that show all data concerning the actual in-place locations of all construction items, including any items that differ from what was shown in the original drawings.
Balanced bid
A unit price bid that accurately reflects the actual anticipated price of each item of work to be performed.
Bid bind
A surety instrument that guarantees to the owner that the bearer, if awarded the contract, will enter into a binding contract and provide all required bonds.
