1. GENERAL CONDITION OF A CONTRACT
PAYMENT BOND- a surety bond posted by
a. CHANGE ORDER- post-award modification
to the contract. A change order may revise,
add to, or delete previous requirements of
the work, adjust the contract sum, or
adjust the contract time
b. ADVANCE PAYMENT- Ten (10) percent of
the Contract Price shall be paid within
thirty (30) days of signature of Contract and
receipt of the Performance Guarantee
c. PROGRESS PAYMENT- payment for Work
accomplished
d. RETENTION MONEY- Progress payments
are subject to retention of ten percent
(10%), total “retention money” shall be due
for release upon final acceptance of the
Works. purpose of retention is to ensure
that the contractor properly completes the
activities required of them under the
contract
e. LIQUIDATING DAMAGES- Monetary
compensation for a loss, detriment, or
injury to a person or a person's rights or
property,
f. CONTRACT PRICE ESCALATION- Contract
Price is the price stated in the Letter of
Acceptance and thereafter to be paid by
the Procuring Entity to the Contractor for
the execution of the Works in accordance
with this Contract.
2. CONTRACTORS’ BOND
a. PROPOSAL OR BID BOND- supply bidding
process by the contractor to the project
owner, to in hopes guarantee that the
winning bidder will undertake the contract
under the terms at which they bid.
b. PERFORMANCE BOND- also known as a
contract bond, is a surety bond issued by
an insurance company or a bank to
guarantee satisfactory completion of a
project by a contractor.
c.
a contractor to guarantee that its
subcontractors and material suppliers on
the project will be paid.
d. ALL RISK BOND- insurance coverage that
can exclude only risks that have been
specifically outlined in the contract.
e. INSURANCES- Insurance is a contract
(policy) in which an individual or entity
receives financial protection or
reimbursement against losses from an
insurance company.
f. GUARANTEE BOND-(15%) approved form
of security furnished by the contractor as
guarantee to the quality of materials and
workmanship performed.
3. ARCHITECTURAL DRAWINGS
a. SHOP DRAWINGS- set of drawings
produced by the contractor, supplier,
manufacturer, subcontractor, or fabricator.
Examples of these include: elevators,
structural steel, trusses, pre-cast, windows,
appliances, cabinets, air handling units,
Shop drawings are not produced by
architects and engineers under their
contract with the owner. The shop drawing
is the manufacturers or the contractor’s
drawn version of information shown in the
construction documents.
b. AS BUILT PLAN- the original design
drawings revised to reflect any changes
made in the field,
4. SPECIFICATION- that portion of the Contract
Documents consisting of the written requirements
for materials, equipment, systems, standards and
workmanship for the Work, and performance of
related services
5. AGREEMENT- a negotiated and typically legally
binding arrangement between parties
6. ARBITRATION- procedure in which a dispute is
submitted, by agreement of the parties, to one or
more arbitrators who make a binding decision on
 the dispute. In choosing arbitration, the parties opt
for a private dispute resolution procedure instead
of going to court.
7. BID BULLETIN- A brief update or summary of
current news
8. INSTRUCTION TO BIDDERS- provides the
information necessary for Bidders to prepare
responsive bids, in accordance with the
requirements of the Procuring Entity. It also
provides information on bid submission, opening,
evaluation, and award of contract.
9. SPECIAL PROVISION
10. PENALTY CLAUSE- Provision in a contract that
imposes a specified sum on the defaulting
contracting party for a specified default.
11. PROPOSAL- offer of a bidder
12. QUOTATION- is a proposal for respective goods &
services, A formal statement of promise
13. SURETY- organization or person that assumes the
responsibility of paying the debt in case the debtor
policy defaults or is unable to make the payments.
14. STATUTE OF LIMITATION- a law which forbids
prosecutors from charging someone with a crime
that was committed more than a specified number
of years ago.
15. NOTICE TO PROCEED (NTP)- Letter from a principal
(client or owner) to a contractor stating the date
the contractor can begin work subject to the
conditions of the contract.
16. BILL OF MATERIALS (QUANTITY OF SURVEY)- a list
of the raw materials, sub-assemblies, intermediate
assemblies, sub-components, parts and the
DEFINE
quantities of each needed to manufacture an end
product.
17. PROBABLE OF CONSTRUCTION COST-
approximation of the cost of a program, project, or
operation.
18. ACTUAL CONSTRUCTION COST
19. PARTS OF PROPOSAL
a. MODE AGREEMENT
b. MODE PAYMENT
c. MODE ACCOMPLISHMENT
d. SCOPE OF WORK
20. PARTS OF CONTRACT DOCUMENT
a. AGREEMENT
is the contract between the owner and
the contractor undertaking the project
described in the Contract Documents
including all supplemental agreements
thereto and all general and special
provisions pertaining to the work or
materials therefore
b. GENERAL CONDITION
as printed documents stipulating the
procedural and the administrative
aspects of the contract.
c. SPECIFICATION
are written or printed description of
work to e done describing qualities of
material and mode of construction.
d. WORKING DRAWINGS
are graphical presentations of the work
involved in the project. They include all
supplementary details and shop
drawings.
e. SPECIAL PROVISION
are instructions which may be issued
prior to the bidding to supplement
and/or modify the drawings,
specifications, and/or General
Conditions of the contract.
1. WORK- refer to the Permanent Works and
Temporary Works to be executed by the Contractor
in accordance with this Contract, including (i) the
furnishing of all labor, materials, equipment and
others incidental, necessary or convenient to the
complete execution of the Works
2. PROVIDE- “provide” shall be understood to
mean “furnish and install”
3. INSTALL- the word “install” shall mean to build 16. 5 INPUTS OF PLANNING CRITICAL PATH METHOD
in, mount positions, connect or apply any (CPM)
object specified ready for the intended use. a. NETWORK
4. FURNISH- The work “furnish” shall be understood b. DURATION ESTIMATE
to mean “Purchase and/or fabricate and c. COST ESTIMATES
deliver to the jobsite or other location when so d. RESOURCE ESTIMATE
designated.”
e. TRADE INDICATORS
5. SCOPE OF WORK
17. SCHEDULE OF ANALYSIS
6. CERTIFICATE OF PAYMENT
a. EARLY START
The Certificate of Payment shall include the
b. EARLY FINISH
value of work accomplished by the Contractor
c. LATE START
during the period covered buy the certificate
and recommendation to the Owner for d. LATE FINISH
payment in an amount the Architect decides
to be properly due.

7. TYPES OF SPECIFICATION
a. PERFORMANCE SPECS
b. DESCRIPTIVE SPECS
c. BRAND NAME SPECS
d. REFERENCE SPECS
e. CLOSE SPECS
f. OPEN SPECS
8. RETRIFICATION- the act of offering an
improvement to replace a mistake; setting right
9. INSURANCE OF CERTIFICATE OF NON FINANCIAL
OBLIGATION- 65% upon project completion
10. SUBSTANTIAL COMPLETION- 98% upon project
completion
11. REQUEST FOR PAYMENT- and owner will pay
contractor within 15days
12. PROGRAMMING- the research and decision-
making process that identifies the scope of work to
be designed.
13. PLANNING- a design and planning for a building,
and can contain architectural drawings,
specifications of the design, calculations, time
planning of the building process, and other
documentation.
14. SCHEDULING
15. METHOD OF PLANNING
a. BAR CHART METHOD
b. CRITICAL PATH METHOD