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d) A building contractor calls the project office and asks if the necessary funds have been...

d) A building contractor calls the project office and asks if the necessary funds have been secured for construction work to begin. What document is required from the project company to the construction
company for works to begin?

Solutions

Expert Solution

Listed below are the essential documents that is required from the project company so that no litigations are involved at the end of project:-

1) Construction agreement:- This is the most important document to which other annexures or references are attached to.

2) Scope of work: This defines what nature of the work is being performed the by the construction company, how the work is performed, timeliness, stages of payment.

3) Construction schedule:- This document will be able to tell the company when the construction will be completed and also tells them the mode or ways that how to leverage the construction company in case the project is delayed

4) General conditions:- It contains the overall terms and conditions of the project. Also it contains the conditions and terms that how any dispute if arises will be resolved.

5) Special conditions: this is addendum to general condition which is basically added if any special work is applicable to a particular portion of the job

6) Cost estimate:- how much cost will be incurred at a particulare stage of a project and overall cost includiing various breakups is mentioned. From where raw materials will be procurred, quality used, quantity used, any further specification is also mentioned in cost estimate document

These are basic documents which are required to initiate the project. Further documents will also be required on the basis of specific case

jeff jeffy answered 1 year ago
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