cons jargon Flashcards

(28 cards)

1
Q

Adjudication

A

A quick dispute resolution method where an adjudicator gives a binding decision, usually temporary until final resolution.

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2
Q

Affidavit

A

A written statement confirmed by oath or affirmation, used as evidence in legal proceedings.

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3
Q

Alternative Dispute Resolution (ADR)

A

Methods of resolving disputes outside court, including mediation, arbitration, and adjudication.

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4
Q

Arbitration

A

A form of ADR where a neutral arbitrator makes a binding decision on a dispute.

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5
Q

As Built Drawings

A

Drawings that reflect the actual construction, showing any changes made during the building process.

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6
Q

Bills of Quantities (BQ)

A

A detailed document listing the quantities of materials and work needed for a construction project.

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7
Q

Breach of Contract

A

Failure by a party to fulfill their contractual obligations, either by action or omission.

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8
Q

Certificate of Completion & Compliance (CCC)

A

Official document certifying that a building is fit for its intended use.

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9
Q

Certificate of Practical Completion (CPC)

A

Marks when the contractor has substantially completed the work and is ready to hand over to the client.

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10
Q

Concurrent Delay

A

Two or more delays occurring at the same time, each affecting the project’s progress.

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11
Q

Condition Precedent

A

A contract condition that must be met before the contract becomes effective.

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12
Q

Contract Sum

A

The agreed price the client pays the contractor for completing the work, subject to adjustments.

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13
Q

Counterclaim

A

A claim made by the defendant against the claimant in response to the original claim.

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14
Q

Critical Path

A

The longest sequence of dependent tasks that determines the minimum project duration.

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15
Q

Damages

A

Monetary compensation awarded for loss due to breach of contract or negligence.

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16
Q

Default

A

Failure to perform a contractual obligation.

17
Q

Dispute Resolution

A

Contractual methods agreed upon to resolve disputes, such as mediation, arbitration, or adjudication.

18
Q

Fixed Price

A

A contract where the contractor agrees to complete the work for a set price regardless of actual costs.

19
Q

Liquidated and Ascertained Damages (LADs)

A

Pre-agreed damages payable if the contractor fails to complete on time.

20
Q

Latent Defect

A

A hidden defect not discoverable by reasonable inspection during construction or handover.

21
Q

Letter of Intent

A

A document indicating the employer’s intention to enter into a contract and authorizing preliminary work.

22
Q

Named Subcontractor

A

A subcontractor specified by the employer to perform part of the contract work.

23
Q

Collateral Warranty

A

A contract between a third party and a contractor or consultant, allowing the third party to claim for breach.

24
Q

Clerk of Works

A

Employer’s site inspector who monitors construction quality and progress.

25
Construction Act
Legislation governing construction contracts, including payment and adjudication provisions (e.g., UK’s HGCRA 1996).
26
Contractor
The party responsible for carrying out construction work under the contract.
27
Compensation Event
An event entitling the contractor to additional time or money, such as employer-caused delays.
28
Application for Payment
A document submitted by the contractor requesting payment, detailing work done and costs incurred.