Contract Management — 1 (Definitions and Elements) Definition of a Contract eens Ran eon oe refrain from doing a particular thing in exchange for Pee etme tS > Mainingredients of a contract consist of; Pea ge= Rede ete meee ogee eee oe Penn tk eee eee Pi BR ees eay Nomar t ac eee gee Cen eeu nC communication of acceptance of the offer, Lolo Nhs) -Y bale Miler Ten ol moans eee | Conca aon iElements of a Construction Contract aoe © Provision should be clear and amount should be released considering eee ee ue Rector een uct Should have clear specifications consistent with the drawings, pr. emer tess e survey during construction and etc; PO Provisions should clearly defined th Pee ee Peete Pee tei ce Re aCe ae ane ce Cee Megane ed reas een og ee ec es tumentation requirements, mode of payment, source of funds and Peete ee Elements of a Construction Contract Paes ee en Ce mse een chedule should be submitted and updated how to compensate for the Cee Me ieee Oe ee a) unfavorable weather condition, force majeure and etc.Parts of a Construction Contract Paved eee ae ne Re eed Peet ee ieee Sur eto re ees Ree teen ee concsy pereeec See © Conditions Pee eee ee eee oe ec ee Reena Parts of a Construction Contract pea mee Create Tile ofthe Contract tha reflects tetype or subjected mater of h Party Names and Devils, making it possitle to report on contra een aeons eet aes Ce Be emt ec roccs PriceandPaymem Terms; eT ers ou cere Bearer Cee eee ore Tact Ca Peter dary a a eee ee CanaParts of a Construction Contract Condition of Contract, eRe Ter Tce Cas) ere Barer ete Pu eed ¥ To ensure that the contractor wil be paid appropriately f the dient asts for a reir eeue o Meee ee Refers'to the quotation to a lame extent but in case the quotation does not eae oreo Meee Leon ec rcnc ets See ena eee a ee ee eee ee ees Ine contyactorir mere ate dered Sy ¥ Gives each party the night to terminate the contractif the other party commits Poe Parts ofa Construction Contract andifion of Contract, ery Nn contan three stage methed of resolving disputes, - Fisst, by direct ere eee eee Ree eee See or ae cr ee Contracbr for incorporation nthe works and this claus: Cees Peers tg Pier Pan cesar) esThe Indicators of a Successful Project rae) e) Veena n ite > Completion at the pre-determined cost, > Maintenance of a good relationship; » Completion in conformity with the contract conditions; > Maintenance of complete documentation; Common Problems Encountered by A Construction Project » Project Delays; > Poor Quality of Workmanship; ae > Non-completion of the Project: