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Ch. 3 Issues during the construction phase

Ch. 3 Issues during the construction phase - CHAPTER 3...

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ISSUES DURING THE CONSTRUCTION PHASE CHAPTER - 3
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PROJECT REWORK REDUCTION The Need
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ACCEPTANCE PERIOD/WITHDRAWAL Bidding Period Acceptance Period Chronology of Bid Procedure
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AWARD OF CONTRACT/ NOTICE TO PROCEED (NTP) Notification of award of contract – by a letter NTP consummates contractual relationship from legal point of view The proposal (offer) – acceptance protocol of contractual law satisfied NTP establishes date from which the beginning of the project calculated Calendar days are used
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CONTRACT AGREEMENT Formal Contract Agreement
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