CONTRACTS

Question 1

What are the “Basic Services” described in B101 ?

Answer 1

The 5 traditional phases of a design bid build project;

• Schematic Design
• Design Development
• Construction Documents
• Bidding or Negotiations
• Construction Administration

Question 2

Article 1, “Initial Information”

Answer 2

Requires the architect and owner to give certain information and assumptions about the project, as known at the time of contract execution.

• Project objective
• site information
• the owner’s program
• physical, legal, financial and time parameters

Question 3

Surety Bond

Answer 3

Three-party agreement between a surety, a contractor, and an owner. Typically and insurance company, it promises to satisfy the contractor’s obligations if the contractor fails to perform in accordance with the construction contract.