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In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage". [3] The contractor is bound by the contract to complete a list of contract items, called a punch list, in order to receive final payment from the owner.
The project schedule is a calendar that links the tasks to be done with the resources that will do them. It is the core of the project plan used to show the organization how the work will be done, commit people to the project, determine resource needs, and used as a kind of checklist to make sure that every task necessary is performed.
Under regulation 80 a Public Contracts Review Board is established. The Commercial Sanctions Tribunal (Regulation 95) is appointed to hear and determine issues relating to the black listing of persons unsuitable for the award of a public contract or to act as a sub-contractor to a public sector contractor. [158]
For example, even within the U.S. Department of Defense, System Requirements Review cases include, for example, (1) a 5-day perusal of each individual requirement, or (2) a 2-day discussion of development plan documents allowed only after the system requirements have been approved and the development documents reviewed with formal action items ...
A statement of work (SOW) is a document routinely employed in the field of project management. It is the narrative description of a project's work requirement. [1]: 426 It defines project-specific activities, deliverables and timelines for a vendor providing services to the client. The SOW typically also includes detailed requirements and ...
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Contract closure: Complete and settle each contract (including the resolution of any open items) and close each contract applicable to the project or project phase. Project close: Finalize all activities across all of the process groups to formally close the project or a project phase; Also included in this phase is the post implementation review.
The shop drawing often is more detailed than the information shown in the construction documents to give the architect and engineer the opportunity to review the fabricator’s version of the product, prior to fabrication. References to the construction documents, drawings, and specifications assist the architect and engineer in their review of ...
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