Define: Ordinary Diligence

How is Ordinary Diligence defined in a legal contract?

• Ordinary Diligence means the analysis of plans, specifications, or other design documents to real property provided by the owner or their licensed design professionals, which a contractor would conduct in the reasonable development of a bid or execution of their work scope under normal conditions. Ordinary diligence does not necessitate that the contractor hire a licensed person or any other individual with specialized skills, except for contractor-designed work or a design-build contract. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of ordinary diligence' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Ordinary Diligence means observing and analyzing provided plans and documents to execute work under normal conditions.

Relevant Contract Types

• Building contracts
• Consulting agreements
• Design and construction contracts
• Service agreements

Relevant Circumstances

• When dealing with professional services that include design or construction.
• Where a party must study and prepare ahead of carrying out their obligations.
• Situations where it's important to meet a reasonable standard of quality and professionalism.

Relevant Sectors

• Construction
• Engineering
• Architecture
• Management Consulting

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