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46 Cards in this Set
- Front
- Back
Acceleration cost |
Cost incurred by a contractor when the project is interfered with by the owner. |
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Acceptance |
Act of a person to whom a thing is offered by another whereby he received the thing with the intention of retaining it. |
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Active interference |
Action by a party to a contract that causes the other party of the contract to not complete the work on time or in the manner established by the contract writing. |
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Actual Damage (actual loss) |
Damages resulting from real and substantial loss, as opposed to those which are merely theoretical |
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Addenda |
Modifications to the contract documents issued during the bid period. They become official parts of the contract document. |
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Adversary |
Parties to a contract at arms-length relationship to one another as a result of the commitment they have made to each other in the contract terms and conditions. |
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Agent |
A person authorized by another to act for him or her. |
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Allowence |
A sum of money set aside by the owner to remove a particular portion of work from competitive bidding. |
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Alternate |
A material or method used in place of the base material or method specified for the project. |
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Ambiguity |
Doubtfulness of meaning, duplicity, indistinctness or uncertainty of meaning of an expression used in written instructions. |
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Anticipatory Breach (anticipatory repudiation) |
Established when a contractor makes a positive and unequivocal statement that it will not or cannot substantially perform the contract. |
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Antitrust Law |
Federal and state statutes to protect trade and commerce from unlawful restraints and monopolies. |
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Apparent Agency |
An agency relationship created by an act of the parties and deduced from proof of other facts. |
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Arbitration |
The submission of a dispute to a third party whose judgement is final and binding. |
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Arbitrator |
One who resolves disputes between two parties. |
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Landscape Architect |
The person or organization hired by the owner to design the project. |
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Assignment |
A legal action which allows a person who is not party to a contract to obtain the contract rights of a party who is. |
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Attachment |
The act of process of taking, apprehending, or seizing person or property by property of a writ, summons, or judicial order |
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Betterment |
An improvement brought upon an estate which enhances its value more than mere repairs. |
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Bid |
An offer to perform a contract for work and labor or for supplying materials at a specific price. |
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Bid Depository |
A clearing house for subcontractors to submit their bids for a particular project and for prime contractor to receive bids from the various subcontractors. |
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Bid Rejection |
The act of not allowing a bid to stand because of an impropriety in the process of submission or the owners arbitrary decision to pass on the bid. |
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Board of Contract Appeals |
An independent administration quasi-judicial board to decide all public contract disputes. |
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Boiler Plate |
A term used to represent standard legal conditions inserted at the "front end" of a construction contract. Typically "general conditions", "supplemental conditions", "special conditions" |
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Bond |
An instrument with a clause, with a sum fined as a penalty, binding the parties to pay the same, and with the condition that the payment of the penalty may be avoided by the performance of certain acts, a certificate of debt. |
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Builder |
One whose occupation is the building or erection of structures, the controlling or directions of construction. |
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Capacity |
The attribute of persons which enables them to perform civil or juristic acts, necessary for parties entering into a contract. |
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Case Law |
The aggregate of reported cases forming a body of jurisprudence or the law of a particular subject as evidence or formed by the adjudged cases. |
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Caveat |
A caution - literally "let him beware" |
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Certificate |
A written assurance or official representation that some act has or has not been done. |
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Certificate of occupancy |
A document issued by the building inspector certifying that the structure conforms to all relevant code sections and is therefore safe for use. |
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Certificate of payment |
A document issued by the landscape architect in which the landscape architect certifies that the contractor has adequately performed. |
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Certificate of substantial completion |
The document issued by the landscape architect when the building or a portion thereof is complete to the degree that the oner can use the site or portion of it for the intended purpose. |
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Change |
A revision to the original contract documents. May be made unilaterally in spite of the contractors lack of agreement. |
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Change order |
A document issued directing the contractor to proceed in a manner different than described in the original plans ms specifications. Has an effect on the price and/or time of the contract. |
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Claim |
An action initiated by one of the parties of a contract against the other party. |
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Immunity |
Legal status when in a quasi-judicial role as arbitrator in settling disputes that protects from liability by either party as a result of the decision. |
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Immunity |
Legal status when in a quasi-judicial role as arbitrator in settling disputes that protects from liability by either party as a result of the decision. |
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Collusion |
An agreement between two or more persons to defraud a person of his or her right by the forms of law or to obtain an object forbidden by law. A secret combination or conspiracy. |
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Immunity |
Legal status when in a quasi-judicial role as arbitrator in settling disputes that protects from liability by either party as a result of the decision. |
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Collusion |
An agreement between two or more persons to defraud a person of his or her right by the forms of law or to obtain an object forbidden by law. A secret combination or conspiracy. |
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Competitive Bidding |
A process whereby sealed proposals are submitted to the owner for consideration. Mandatory on public works projects. |
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Immunity |
Legal status when in a quasi-judicial role as arbitrator in settling disputes that protects from liability by either party as a result of the decision. |
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Collusion |
An agreement between two or more persons to defraud a person of his or her right by the forms of law or to obtain an object forbidden by law. A secret combination or conspiracy. |
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Competitive Bidding |
A process whereby sealed proposals are submitted to the owner for consideration. Mandatory on public works projects. |
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Contract |
A promissory agreement between two or more persons that creates modified it destroys a legal relationship. |