Standard Form of Contracts

What’s to be discussed ? What is it Advantages Various types

Standard form of contract What is it ? A standard form contract is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate. Contracts Standard form of contract

feedback

Advantages Time saving Flexible Minimizes errors Not biased

True or false

Thank you Examples International federation of consulting engineers NEC New engineering Contract International federation of consulting engineers The Joint Contracts Tribunal (JCT) Option A – Priced contract with activity schedule. Option B – Priced contract with bill of quantities. Option C – Target contract with activity schedule. Option D – Target contract with bill of quantities. Option E- Cost reimbursable contract Option F- management contract DB – design and build CD – contract design CE – constructing excellence IFC – intermediate form of building contract MC – management contracting Thank you