Law Additional

Question 1

Advantages of using a standard form of contract

Answer 1

Avoids writing terms for each project
Familiarity from use and experience
Fairly represents interests / allocating risks
Savings in negotiation and drafting time/cost
Accurate supply chain quotations

Question 2

Contract document 3 sections

Answer 2

Articles of agreement
Conditions of contract
Appendices

Question 3

Articles of agreement

Answer 3

Identify parties to contract
what is to be constructed
what is to be pad
what parties have agreed to do

Question 4

Conditions of contract

Answer 4

Facts for carrying out contract
Starting / completion date
Liquidated or delay damages

Question 5

Appendices

Answer 5

Facts for carrying out construction
Specification
Bill of Quantities

Question 6

NEC4 Clause 17.1

Answer 6

PM to give instruction resolving any ambiguity or inconsistency

Question 7

NEC Stand For

Answer 7

New Engineering Contract

Question 8

NEC Key Issues

Answer 8

Mutual trust
Co-operation
Good Project Management
Reduce conflicts / confrontation / adversarial situations from early warning requirement

Question 9

NEC Contract Objectives

Answer 9

More flexible in scope
Greater stimulus to good PM
Simple wording / clearer
Risks managed proactively and identified as part of contract

Question 10

New features of NEC4

Answer 10

Multi-party alliance contact integrating a risk and reward model
Advanced guidance and practical advice to contract users

Question 11

NEC4 Core Clauses

Answer 11

General 
Contractors main responsibilities 
Time
Quality Management
Patment
Compensation Events
Title 
Liabilities and insurance
Termination

Question 12

Main Option Clauses

Answer 12

Option A - Priced contract with activity schedule
Option B - Priced contract with bill of quantities
Option C - Target contact with activity schedule
Option D - Target contract with bill of quantities
Option E - Cost reimbursable contract
Option F - Management Contract

Question 13

Option A

Answer 13

Design and build

Question 14

Option B

Answer 14

Tells contractor quantity of work

Question 15

Option C

Answer 15

No Lump Sum

Question 16

Option D

Answer 16

Traditional Contract

Question 17

Option E

Answer 17

Pure cost plus contact

least used

Question 18

Most Popular

Answer 18

Option C / D

Question 19

JCT

Answer 19

Joint Contracts Tribunal

Question 20

JCT Attempts

Answer 20

To provide balance between
Employers
Contractors
Sub-contractors
Consultants
On an number of contractual issues

Question 21

Conditions of Contract JCT

9 Sections

Answer 21

Defintions and Interpretation 
Carrying out the Works
Control of the Works
Payment
Variations
Injury / Damage / Insurance
Assignment, Performance bonds, Guarantee, 3rd Party rrights
Termination
Settlement of disputes

Question 22

The 8 Schedules of JCT

Answer 22

Design Submission Procedure
Variable and Acceleration Quotation 
Insurance Options
Code of Practice
Third Party Rights
Forms of Bonds
JCT Fluctuations Option A
Supplemental Provisions

Question 23

Differences of JCT 2005/16

Answer 23

BIM being incorporated
Comply with Public Contract Regulations
Update provisions relating to named specialists
Requirements to reflect CDM regs

Question 24

NEC4 Optional CLauses

Answer 24

Changes in Law
Inflation
Delay damages
Termination by Client