A well negotiated and clear contract benefits all.
Contract documents typically include an invitation to bid (ITB) or request for proposal (RFP), addenda issued by architect/engineer during bid period, contractor bid or proposal, basic contract, general and special conditions, scope of work, and standard AIA contract form or other forms or as-drafted by parties. The project contract is finalized before Notice to Proceed (NTP), it allots risks and responsibilities among parties, it’s the basis for executing and administering project, and each party must accept its responsibilities and implement per contract. This video reviews the different types of contracts and project delivery methods and discusses construction documentation drawings and specifications.
Runtime: 19 minutes
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