CYA
Bid Process
Money Matters
Closing
CA
100

A surety bond guaranteeing that the bidder will sign a contract, if offered, in accordance with his or her proposal.

Bid bond

100

The invitation to bid, instructions to bidders, bid form, and the contract documents.

Bidding Documents

100

An amount included in the contract sum to cover the cost of certain items not specified in detail. Hardware and other finish items are often handled in this manner.

Cash Allowance

100

A document issued by the governing authority stating that a building complies with applicable laws and permitting occupanch for its designated use.


A Certificate of Occupancy

100

A written order to the contractor, prepared by the architect and signed by the owner, contractor, and architect, which authorizes a change in the work, the contract sum, or the contract time.


Change Order

200

A provision in the construction contract for payment of a bonus to the contractor for completing the project prior to a specific date, and for a charge (penalty) against the contractor for failing to complete the project by that date.

Bonus and Penalty Clauses

200

A federal law that requires the Department of Labor to set prevailing wages for government-financed construction projects.

Davis Bacon Act

200

A statement by the architect informing the owner of the amount due the contractor on account of work completed and/or materials suitably stored.

Certificate of Payment

200

The completion of all work in accordance with the terms and conditions of the contract documents.

Final Completion

200

A document, signed by the owner and the architect, which authorizes a change in the work, the contract sum, or the contract time. Used when there is not complete agreement on the terms of a change order.

Construction Change Directive

300

The requirement that a professional exercise reasonable ability and judgment in a specific circumstance, the absence of which constitutes negligence.

Due Care

300

The part of the contract documents that states the rights, responsibilities, and relationships of the parties involved, usually by means of a standard document published by the American Institute of Architects.

General Conditions


300

Drawings revised to show changes made during construction. Sometimes erroneously called As-Built Drawings.

Schedule of Values


300

The package prepared by the architect for a project, including the technical specifications, bidding instructions and forms, general conditions, supplementary conditions, special conditions, and other legal and administrative documents.

Project Manual

300

The contractor's representative at the site.

Superintendent

400

An ordinance that specifies the period of time within which legal action must be brought in order to obtain legal relief for damage or injury.

Statute of imitations

400

All materials and/or labor required for a project.

Work


400

Clause in a cost plus fee contract between the owner and contractor in which the savings between the guaranteed maximum cost and the actual project cost are proportionally shared.

Incentive Clause

400

Drawings revised to show changes made during construction. Sometimes erroneously called As-Built Drawings.

Record Drawings


400

Part of the contract documents, prepared by the architect, which may modify provisions of the general conditions of the contract.

Supplementary Conditions

500

A contractual obligation whereby one party agrees to guarantee another party against loss or damage from specified liabilities.

Indemnification

500

Statements or drawings that modify the basic contract documents after the latter have been issued to the bidders, but prior to taking of bids.

Addenda

500

An amount of money set aside in a budget to cover unanticipated expenses.

Contingency

500

As defined in the AIA General Conditions, completion of a project to the point where the owner can occupy all or designated portions of the work for the purpose for which it is intended.

Substantial Completion

500

A term sometimes used for on-site examination of the contractor's work by the architect to determine in general if it is proceeding in accordance with the contract documents.

Observation

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