Construction Contract Checklist
Construction Contract Checklist
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Scope of Work
Thoroughly written? Battery limits defined? Interfaces defined? Exceptions defined? Work by others defined? Positive cash flow? Downpayment/early payment? Retention? Paid when paid/paid if paid? More than 30 day terms? Electronic transfer of funds? Set offs? Adequate time for scope of work? Realistic if LDs? Contingency (float) in schedule? Who owns the "float"? "Commitment" only? Defined scope and payment?
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Terms of Payment
Schedule
Letter of Intent
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Realistic amounts? Additional insured status? Contractual Liability? OCP allowed? Completed operations? Care, custody and control? Broad form? Intermediate form? Limited form? Knock for Knock? Who's covered? Financial limits? Location limits? Time limits? Anti-indemnity legislation? Venue/Applicable law? Time only? Time and money? Process to get change defined? Payment for changes? Contract rates for changes?
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Indemnity
Changes
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Disputes
Negotiate first required? Executive solution required? Mediation required? Arbitration required? Litigation?
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Assurances of Performance On-demand bond? Surety bond? Standby Letter of Credit? Parent Company guarantee? Damages Direct/Actual? Liquidated? Consequential? Start time defined? Duration defined? Exclusions defined?
Warranty
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