What is the primary purpose of a construction contract?
A construction contract defines the obligations, responsibilities, and rights of all parties involved in the project.
Which document typically identifies changes to the original contract terms, scope, or price?
A change order is a formal document used to modify the original agreement after the contract has been signed.
Which party typically has the authority to issue a stop work order on a construction project?
The project owner or an authorized representative may issue a stop work order in case of serious issues like safety violations or contract breaches.
What is typically required before a contractor can submit a payment application?
Payment applications are often contingent on meeting specific project milestones or completing work phases.
Which of the following ensures the contractor has met all contractual obligations before final payment is issued?
A certificate of substantial completion signals that the project is sufficiently complete and triggers certain contract clauses like warranties and final payment processes.
What is a liquidated damages clause designed to address in a construction contract?
Liquidated damages are predetermined penalties for project delays or specific contract breaches, protecting the owner’s financial interests.
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Who typically prepares and submits a Request for Information (RFI)?
Contractors or subcontractors submit RFIs when project documents lack clarity or further information is needed from the design team or owner.
Which document records daily on-site activities, issues, and weather conditions for a construction project?
Daily reports track jobsite conditions, work progress, and notable incidents, providing a consistent project history.
What is a lien waiver used for in contract administration?
Lien waivers protect the owner from future claims by confirming contractors and suppliers have been paid for services or materials rendered.