Contract Practice

Question 1

An example when you paid on site or off site materials?

Answer 1

Haringey Hubs - off site - kitchen fit-out materials.

Question 2

An example of PCSA or Letter of Intent?

Answer 2

Haringey Hubs - following agreement of the contract sum - Confirmation of Contract

Question 3

Example of a project and their contract mechanisms?

Answer 3

BM - Issuing Instructions - Omission of PSUMs

Question 4

Example project with performance bond. Why did Client want it?

Answer 4

South Dock Marina - 10% contract sum - Highly technical works