Contract Practice for Surveyors, Fourth Edition

Front cover......Page 1
Title page......Page 4
Copyright page......Page 5
Table of contents......Page 6
List of figures and tables......Page 8
Preface......Page 10
The nature and form of contracts......Page 12
The surveyor’s role......Page 15
Overview......Page 26
Bibliography......Page 27
Traditional methods......Page 28
The composite nature of contracts......Page 38
Circumstances in which the various types of contract may be used......Page 39
The risk factor......Page 42
Relationships between the parties......Page 44
Alternative methods......Page 45
Bibliography......Page 60
References......Page 61
Introduction......Page 62
Standard forms of construction contract......Page 63
An approach to effective contract selection......Page 74
Bibliography......Page 78
4 Tendering methods and procedures......Page 79
Methods of contractor selection......Page 80
Tender documents......Page 86
Tendering procedure......Page 89
Electronic tendering......Page 95
References......Page 99
Examination of selected tender......Page 100
Reporting on tenders......Page 104
Dealing with errors, etc.......Page 106
References......Page 114
The contract documents......Page 115
Preparations for executing the contract......Page 117
Copies of contract documents......Page 120
The contract sum......Page 121
Bibliography......Page 122
Definition and origin of variations......Page 123
Measuring variations......Page 126
Variation accounts......Page 128
Valuing variations......Page 129
Use of erroneous rates when pricing variations......Page 141
Adjustment of Preliminaries on account of variations......Page 142
Variations on contractor’s designed portion work......Page 145
Examples of variations......Page 146
References......Page 165
Introduction......Page 166
Traditional method......Page 167
Additions to net sums recoverable......Page 170
Recording and checking fluctuations claims......Page 171
Fluctuations after expiry of the contract period......Page 172
Formula method......Page 174
Preparatory work necessary before using the formulae......Page 175
Calculation of adjustment amounts......Page 179
Adjustment of value of work included in interim valuations issued after the issue of the Certificate of Practical Completion......Page 181
Errors......Page 182
Specialist engineering formulae......Page 186
References......Page 194
Common law claims......Page 196
Contractual claims......Page 197
Global claims......Page 206
References......Page 207
10 Interim valuations......Page 208
Payment requirements under the Act......Page 209
The Scheme......Page 211
Frequency of valuations and ‘valuation date’......Page 212
General procedure......Page 215
Notifying the architect......Page 227
Payments and notices......Page 228
Liquidated and ascertained damages......Page 230
Examples of interim valuations......Page 231
References......Page 243
11 Final accounts......Page 244
Constituents of final accounts......Page 245
Final certificate......Page 251
Reference......Page 255
The surveyor’s role......Page 256
Monitoring and reporting on the financial position......Page 257
Forecasting client’s capital expenditure flow......Page 261
Forecasting contractor’s earnings and expenditure......Page 269
References......Page 273
Capital allowances......Page 274
Rates of allowances......Page 293
Bibliography......Page 294
Introduction......Page 295
Indemnity......Page 296
Insurance against injury to persons and property......Page 298
Insurance of the works......Page 302
Professional indemnity insurance......Page 307
Joint fire code......Page 310
References......Page 311
Bibliography......Page 312
Introduction......Page 313
The Regulations......Page 316
References......Page 328
Bibliography......Page 329
Introduction......Page 330
General principles......Page 331
Interested parties......Page 332
Terms of warranty......Page 335
Contracts (Rights of Third Parties) Act 1999......Page 337
Conferring benefits under the JCT form......Page 338
Liability to third parties......Page 340
An alternative to collateral warranties......Page 342
Bibliography......Page 343
The purpose of guarantees and bonds......Page 344
Sources and formats of bonds......Page 345
The arguments for and against bonds and guarantees......Page 347
The use of bonds......Page 348
JCT bonds......Page 349
Bibliography......Page 353
A brief history of value management......Page 354
Definitions......Page 355
The value process......Page 357
The application of value management......Page 359
The benefits of value management......Page 360
Some value management case studies......Page 361
The benefits in summary......Page 364
Introduction......Page 365
The law......Page 366
Provisions in the JCT Standard Building Contract......Page 370
Avoidance, precautions and indications......Page 375
Action in the event of contractor insolvency......Page 376
Domestic sub-contractors......Page 379
Bibliography......Page 380
Introduction......Page 381
Arbitration......Page 382
Alternative dispute resolution......Page 387
Adjudication......Page 390
Conclusion......Page 393
Bibliography......Page 394
Appendix A: Particulars of contract referred to in the examples given in the text......Page 395
Appendix B: Articles of Agreement......Page 399
Index to references to clauses in JCT Standard Building Contract with Quantities......Page 418
Index......Page 420