When it comes to construction contract documents it is defined as the basis of the contract, which includes both the parties’ roles responsibilities, detailed description of the specified work or services. It may be specifications, procedure, or any other condition. When we talk about industrial construction, the contract documentation for any specified project is very important.
The importance of contract documentation
When you are dealing in an industrial construction sector, the importance of the contract documentation is immense. It offers you the security and peace of mind, as you have the agreement in your hand, with documentation written and sealed in the paper of pdf. It undoubtedly reduces the risk factors regarding the pay modes, responsibilities and the timeframe by when and what to be done or the services to be performed.
If you are updated with your contractual documents then you are surely one step ahead in your upcoming project. There are certain things you need to know on Contract Documents for Construction Projects are listed as follows;
Contract agreement and Contracts
It is majorly performed between the perspective building’s owner and the contractor. It is one of the main contract documents and the others are attached in reference to this main agreement.
Statement of Work (SOM)
It is one of that documentation where the solid scope of work is placed and mentioned as it is in bidding process as per the construction sequences. It majorly defines the work applied in determining the amount that is to be needed to complete the project.
General Conditions
This is one of the vital contracts where the obligation in regard to the respective project and its execution is documented. It includes all the overhead costs, which either of the party can claim or entitled to if anything is not working perfectly. It is basically a legal framework to resolve internal disputes.
Special conditions
It is one of the amends and an expansion of the general conditions. This documentation mainly specifies the general conditions and clauses in regard to the industrial project. It is very effective as the documentation include the instructions and the requirements on which way the work should be done.
Bill of Quantities
In this section, the document is made up by list of diverse materials and the trading things required for the project for construction. This documentation is mainly required by the contracting officer. This is sometimes not used as it is only required by the officer.
Cost estimation
In this documentation, the industrial contract agreement contains the breakdown of all the items used for the project and the details are combined with specified costs. Often the combined estimation is mentioned in a single section of the document.
Drawings
Each of the projects has diverse architects that are to be performed and executed. In this section, an outline of the construction is designed in parts and ensured by the contractor before the start of the building. In this documentation, the drawings from the consultants and the experts of the entire project are clarified and stated.
Mastering the format outline
This is one of the technical requirements to complete and execute the entire construction of the project. This adds the intelligence to the drawings of the construction ones. The main motive of this document is to explain and accept the deviations of the information and material details required for testing. The codes and standards used for the project are made through the specifications.
Creating construction schedule
It is one of the crucial factors in the construction industry. The contraction officer is mainly responsible to complete the project and review it. In this documentation, the entire scheduling for the project and completion as per both the parties consent is mentioned.
Listing of common types of construction insurance
In this documentation, the contract provided by the owner guarantees the fact that the contractor has all the economic backups to perform the construction based on the contract terms. The coverage, insurance is available in times of requirement.
Having the right set of documentation on Industrial Construction is the primary step towards successful completion of the entire plan. Strong and noticeable documentation will keep you safe and protected.
