Contracts Part 1: Types of Contracts and Contract Documents TSYH 3460

Upon successful completion of this course, the student will be able to:

Module 1 - The Construction Industry - A Synopsis

• List the personnel involved in the development and design processes and define their duties and responsibilities.
• List the major personnel involved in the construction process and define their duties and responsibilities.
• Define and discuss the relationships between the personnel involved in the development, design and construction processes.
• Describe the development of a project from conceptualization through to construction completion.

Module 2 - Contract Law and Supplemental Data

• State and discuss the four basic requirements to form a contract.
• Define the concept of a 'surety bond'.
• Describe the purpose of each of the three types of surety bonds used in construction.
• Define and discuss the concept of a 'builders lien'.
• Define and discuss the ramifications of breach of contract by the contractor and/or the owner.
• Define and discuss the concept of 'liquidated damages'.
• Describe the process of advertising for bids.
• Write an 'Invitation to Bid.'

Module 3 - Types of Construction Contract

• Identify the three primary types of construction contract and their derivative forms.
• Explain the advantages and disadvantages of the different types of contract from the point of view of both the owner and the contractor.
• Choose the type of contract most appropriate for a particular type or method of construction.

Module 4 - The Bid and Contract Documents

• Identify and describe the contents of a set of bid documents.
• Employ a set of bid documents to assist in the preparation of an estimate.
• Employ a set of bid documents to assist in executing a contract.
• Identify the location within the documents of provisions to deal with common contractual problems.
• Employ a set of contract documents to assist in the administration of a project.

Effective as of Spring/Summer 2009