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Construction contracts

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Name Rollnumber

Topic

Srinivas K 49 Introduction & definition.

Shruti N 44 Procurement of contract.

Virupaksha 56 Contract analysis.

Zakir 58 Cost estimation.

Sharada 40 Types of payments.

Sangameshwar 36 Types of costs.

Saroj 38 Collection of costs.

Shilpa S 42 Indian example.

Soumya B 47 International example.

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Construction contract

A construction contract is a contract

specifically negotiated for the

construction of an asset or a combinationof assets that are closely interrelated or

interdependent in terms of their design,

technology and function or their ultimatepurpose or use.

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Construction contract is a

formal agreement for construction,

alteration, or repair of

buildings or structures (bridges,dams, facilities, roads, tanks, etc.). A

construction contract is distinct from a

contract to assemble, fabricate,or manufacture.

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Contract costing

Contract costing is defined as the form of

specific order costing which is

undertaken for customers specialrequirements and each order is of long

duration, the work is usually

constructional and in general the methodis similar to job costing

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Procurement methods of contract

Traditional

Design and Build

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Two Stage Tendering

Management Contracting

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Construction Management

Framework Agreements

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Factors

Plan:Plan is developed to describe activities

associated with the project .The resource

required to achieve the best possible

outcomes for it &must be agreed on by allkey characters.

Scope < Time < Cost < Quality < Human

resource < Communication < Risk