3.18.1 - ✅✅ -Contractor shall hold the owner not liable for any harm done by him
and shall compensate for any harm loss arising out of or resulting from any extent
caused by the neglect or omission of the Contractor or any representative for the
contractor is held liable.
AIA 201
3.18 Indemnification
3.18.2 - ✅✅ -The person at fault from the contractors or subcontractors side has a
claim on them then, they are liable to the indemnification obligation under 3.18.1
shall not be limited by a limitation on amount of type of damages.
Indeminify - ✅✅-to compensate for harm loss
`The 3 method of payment are ? - ✅✅-1. Lump Sum
2. Unit price
3. Cost Plus
Lump Sum - ✅✅-Single payment made at a particular time
,Unit Price - ✅✅-The cost per unit
Cost Plus - ✅✅ -relating to or denoting a method of price , a service or a product in
which a fixed profit factor is added to the costs
✅✅
Name the 4 methods there is to deliver a project in the construction industry: -
-1. Design/Bid/Build
2. Design/Build
3. Turn Key
4. Construction Management
Design/Bid/Build - ✅✅ -a project delivery method in the agency or owner contracts
with separate entities for the design and construction method.
Design/Bid - ✅✅ -A method to deliver a project in which design and construction
services are contracted by a single entity known as the design-builder or
design-build contractor.
Turn Key - ✅✅ -of or involving the provisions of a complete product or service that
is ready for immediate use
Construction Management - ✅✅ -a professional service that uses specialized
project management techniques to oversee the planning, design, and construction of
a project from beginning to end.
,Sub-Contract - ✅✅ -A contract in which one party involves a third part to carry on a
portion of its responsibilities.
expressed contract - ✅✅-a contract in which all the terms are clearly expressed .
Implied Contract - ✅✅-A contract in which NOT all the terms are clearly expressed
Joint - ✅✅ -A contract in which a number of individuals are represented as one
party and forgiveness of any individual by plaintiff implies forgiveness of the rest of
the individuals making that party
Several - ✅✅ -A contract in which a number of individuals are represented as one
party but forgiveness of any individual by the plaintiff does not imply forgiveness of
the rest of the individuals making that party .... plaintiff can select and choose
MLA Format - ✅✅-(Header)_ LastNamePage#
Name
Professor
Class Course
Date
Title
Contract - ✅✅-is an agreement to do or not to do certain thing...
, ✅✅
For any contract to be enforceable in a court of law it must have the following 4
elements of legally enforceable contracts: - -1. Capacity to contract
2. Legal Subject Matter
3. MUTUAL CONSENT
4. CONSIDERATION
The Four Corners rule - ✅✅ -is a contract law doctrine "the meaning of a document
is tyo be gathered from the entire (all four corners) Document
It is a commonality is to sign Subcontracts when what? - ✅✅-The completion stops
to avoid erosion of our position.
The 2 conditions for ending a contract are: - ✅✅-1. Performance of the contract
2. Termination of the contract
Substantial Completion - ✅✅ -The completion at which the owner can use the
project for its intended purpose.
Termination for convenience: - ✅✅ -- contractual right given to the owner but
contractor is paid for work in place
- To end the contract at no fault of the contractor
Termination for convenience right is usually exercised when? - ✅✅-1. Owner faces
financial problems
2. The need for the project is eliminated
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Hkane. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
