The Standard Form of Building Contract is a crucial document in the US construction industry, designed to provide a comprehensive framework for construction projects. It is typically used when parties require a detailed, standardized agreement that covers all aspects of the construction process. The contract includes provisions for project execution, payment schedules, quality standards, dispute resolution, and risk allocation, while ensuring compliance with federal and state construction laws. This document type is particularly valuable for medium to large-scale construction projects where clear delineation of responsibilities and robust project management procedures are essential.
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1. Parties: Identification of the owner/employer and contractor, including legal status and addresses
2. Background: Brief description of the project and purpose of the contract
3. Definitions: Key terms used throughout the contract
4. Scope of Work: Detailed description of the work to be performed
5. Contract Sum: Price and payment terms including schedule of payments
6. Time for Completion: Project duration, completion dates, and milestones
7. Contractor's Obligations: General and specific obligations of the contractor
8. Owner's Obligations: General and specific obligations of the owner
9. Changes in the Work: Procedures for variations and change orders
10. Insurance Requirements: Required insurance coverage and limits
1. Acceleration Provisions: Terms for expediting work completion when time-sensitive projects require potential acceleration
2. Liquidated Damages: Predetermined damages for delay or breach, used when specific losses can be reasonably estimated
3. Dispute Resolution: Specific procedures for resolving disputes through alternative dispute resolution methods
4. Sustainability Requirements: Green building and environmental standards for projects with specific environmental goals
1. Schedule of Works: Detailed breakdown of construction activities and timeline
2. Schedule of Rates: Unit prices for potential variations or additional work
3. Technical Specifications: Detailed technical requirements and standards
4. Drawings: Approved construction drawings and details
5. Insurance Certificates: Copies of required insurance policies
6. Performance Bond: Bond documentation ensuring contractor performance
7. Bill of Quantities: Detailed quantity measurements and pricing
8. Quality Assurance Plan: Procedures for ensuring quality standards
Relevant legal definitions
Agreement
Architect
As-Built Drawings
Bill of Quantities
Certificate of Payment
Change Order
Commencement Date
Completion Date
Construction Documents
Construction Schedule
Contract Documents
Contract Sum
Contractor
Day
Defects Liability Period
Drawings
Extension of Time
Final Completion
Force Majeure
Liquidated Damages
Materials
Notice to Proceed
Owner
Payment Application
Performance Bond
Project
Project Manager
Punch List
Retention
Schedule of Values
Site
Specifications
Subcontractor
Substantial Completion
Supplier
Suspension
Time for Completion
Variations
Work
Working Day
Architect
As-Built Drawings
Bill of Quantities
Certificate of Payment
Change Order
Commencement Date
Completion Date
Construction Documents
Construction Schedule
Contract Documents
Contract Sum
Contractor
Day
Defects Liability Period
Drawings
Extension of Time
Final Completion
Force Majeure
Liquidated Damages
Materials
Notice to Proceed
Owner
Payment Application
Performance Bond
Project
Project Manager
Punch List
Retention
Schedule of Values
Site
Specifications
Subcontractor
Substantial Completion
Supplier
Suspension
Time for Completion
Variations
Work
Working Day
Clauses
Scope of Work
Payment Terms
Time for Completion
Extensions of Time
Variations and Changes
Health and Safety
Quality Control
Insurance Requirements
Indemnification
Warranties
Defects Liability
Termination
Default and Remedies
Force Majeure
Dispute Resolution
Assignment and Subcontracting
Site Access and Conditions
Materials and Workmanship
Testing and Inspection
Progress Reports
Permits and Licenses
Intellectual Property
Confidentiality
Environmental Compliance
Labor Requirements
Bonds and Securities
Risk Allocation
Liquidated Damages
Suspension of Work
Claims Procedure
Notices
Governing Law
Entire Agreement
Severability
Waiver
Payment Terms
Time for Completion
Extensions of Time
Variations and Changes
Health and Safety
Quality Control
Insurance Requirements
Indemnification
Warranties
Defects Liability
Termination
Default and Remedies
Force Majeure
Dispute Resolution
Assignment and Subcontracting
Site Access and Conditions
Materials and Workmanship
Testing and Inspection
Progress Reports
Permits and Licenses
Intellectual Property
Confidentiality
Environmental Compliance
Labor Requirements
Bonds and Securities
Risk Allocation
Liquidated Damages
Suspension of Work
Claims Procedure
Notices
Governing Law
Entire Agreement
Severability
Waiver
Relevant Industries
Relevant Teams
Relevant Roles
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