Level 2 Contract Administation Flashcards
What is the PC Cert and what does is mean?
Practical Completion when the building has reached beneficial occupancy.
Transfers liability insurance over to the employer.
Defects period commences
Retention released 50 %
When is a notice of of completion of making good issued and what does it mean?
Issued at the end of the defect period once satisfied all defects are closed out.
Releases the final 50% of retention.
What is a non-completion notice for and what does it allow?
Issued when an EOT is not granted and the completion date is missed, allowing for the client to claim Liquidated Damages.
What are Relevant Events and what do they allow?
Allow for Time Only!
Where a delay occurs impacting on the completion date, entitles the contractor to apply for an extension of time.
Must write to the EA as soon as reasonably apparent.
Usually written in the contract
- Variations
- Failure to provide information
- Changes in statutory requirements
- Adverse weather
What clause is Relevant Events?
2.26 Under Adjustment of Completion Dates
What are relevant matters and what do they allow?
Allows for direct loss and expense to be claimed!
- Failure to give the contractor possession of the site
- Delays in receiving instructions
- Opening up and testing which is in accordance
What clause is Relevant Matters?
4.21 Under Loss and Expense
Instructions - how to check market conditions on materials?
Spons
What are Liquidated Damages?
Set out in contract particulars, the cost lost per unit per week if the completion date is not met, meaning the client can claim for.
Partial Possession
Allows for posession of part of the site - not in the contract!
Sectional Completion
Allows for possession of the site - written within the contract with own completion dates.
