PAPANSIN Flashcards
CIAP
CONSTRUCTION INDUSTRY AUTHORITY OF THE PHILIPPINES
Republic Act No. 4566
Contractors’ License Law
any event beyond the reasonable control of the Owner or the Contractor, as the case may be, and which is unavoidable notwithstanding the reasonable care of the party affected
Act of God/Force Majeure
the money given by the Owner to the Contractor to help the latter underwrite significant start up or procurement costs that may have to be incurred before construction begins
advance payment/ down payment
the term used to describe the agreement signed by the Owner and the Contractor excluding the Contract Documents which are attached thereto
Agreement
drawings showing the structure as actually constructed including system and actual locations of outlets, fixtures, services and equipment that were installed
As-Built Drawings
the tender, proposal, quotation, or offer of a bidder to perform the Work described in the Contract which in form and substance complies with the Instruction to Bidders
bid
any acceptable form of bond accompanying the Bid submitted by the bidder as a guarantee that the bidder will enter into the Contract with the Owner for the construction of the Work, if the Contract is awarded to him
bid bond
a document containing additional information on Bid Documents issued to bidders before date of bidding
Bid Bulletin
collectively refer to all documents provided or made available to prospective bidders which include the Invitation to Bid, drawings and technical specifications and a copy of the Contract which the winning bidders would be required to sign with the Owner
Bid Documents
a listing of the different parts of the Work indicating each part and its corresponding value
Breakdown of Work and Corresponding Value
a written order to the Contractor issued by the Owner after the execution of the Contract, authorizing a change or variation in the Work or an adjustment in the Contract Price or Contract Time
change order
period of time allowed by the Contract for the completion of the project or any stipulated portions thereof
Completion time limit
the term used to describe the Agreement and the Contract Documents
Contract
documents attached to the Agreement identified therein as Contract Documents, including all additions, deletions and modifications incorporated therein.
Contract Documents
Contract Documents generally include the following documents which shall form part of this Contract and constitute integral parts hereof:
(a) Special Provisions or Conditions;
(b) General Conditions;
(c) Specifications;
(d) Drawings;
(e) Contractor’s Performance and Payment Bonds contemplated in Clause 31.04 hereof;
(f) Contractor’s Guarantee Bond contemplated in Clause 31.05 hereof; and
(g) other Bid Documents