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GUIDE – CONSTRUCTION CONTRACTS LAST UPDATED - MARCH 2019 BOBOWMANSWMANS 2 2 Guide – Construction Contracts Contents 04 Introduction to Construction Contracts 06 Types of Construction Contracts 11 Working with the Employer’s Representative 13 Security Against Construction Risks 16 ispute Avoidance and Resolution 19 seful links 20 verview of owmans Construction Team 22 ey Contacts 3 BOWMANS Introduction to Construction Contracts Construction plays WHAT IS A CONTRACT? a vital role in Africa’s development, not only So what is a construction contract In asic terms it is an agreement etween in respect of its physical an employer sometimes referred to as infrastructure, but also the client and a contractor to construct repair modify renovate or even demolish in its broader economic something in an agreed time frame for and social development. an agreed price and to agreed standards It should descrie This Guide provides some basic knowledge and • What will e done understanding in relation • ow long it will take to complete • ow much it will cost and the to construction contracts, payment terms and industry standard forms • The conseuences of failing to meet the reuirements of the contract and typical approaches to risk allocation in nce properly concluded each party has construction projects. a legal oligation to do the things which the construction contract specifies ike any contract if a reach occurs the other party will have certain remedies such as claiming for additional costs caused y the reach CONTENTS PAGE 4
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