New_Trends_and_Best_Practices_for_Drafting_Construction_Contracts.pdf

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1、Part1:NewTrendsandBestPracticesforDraftingConstructionContractsDavidTupperNovember30,2011Overviewa)ContractOptions:ChoosingtheRightOneb)TermsandConditionstoIncludeinTendersc)ReducingProjectRisks:ClausestoConsider(a)ContractOptions:ChoosingtheRightone•Factors:–Risk–Time–Informationavailable•Goalisto

2、minimizeyourrisk–mustassessreliabilityofavailableinformation•Threekindsofcontracts:–LumpSum–MeasureandValue–CostReimbursementContractOptions1)LumpSumContracts–Goal=limitordefineamountpaid–Reality=notnecessarilythefinalpricepaid–Standardconditionsallowforvariation–Isachangeinquantitysignificant?Cont

3、ractOptions2)MeasureandValueContracts–Designandcontractisreasonablycomplete–Paymentcalculatedasarateforaparticulartypeofworkforameasuredquantity–ExtensivechangeinquantitymayrequireavariationtokeeptheratereasonableContractOptions3)CostReimbursementContracts–Contractorreimbursedforcosts,plusgivenanal

4、lowanceforprofit(%ofcosts)–Importantthatquantitiescanbeverified–MustnegotiateaformoftenderthatisacceptablewithoutundueriskContractOptions:Summary•Maytakemanyforms.Mostcommonincludeavariationof:–LumpSum–MeasureandValue–CostReimbursement•CommonDenominator?–*Thebestcontractsincludeopennegotiationfromt

5、heoutsetandthroughoutthelifeoftheprojectsodisputesareminimized*(b)TermsandConditionstoIncludeinTendersIntroduction:GuidingPrinciplesoftheLawofTendering•Protectingandmaintainingtheintegrityofthetenderingsystem–Certainty,competitionnotnegotiation•Achievingtheexpectationsoftheparties–Interpretationoft

6、hetenderdocuments,impliedobligationtoacceptonlycompliantbids,compliantbidsaregenerallyirrevocable•Dutytoactfairlyandingoodfaith–Nounfairpreferenceofbidders,allbiddersmustreceivesimilarinformation,nofavouringbidders,nobid-shopping“ContractA-ContractB”FrameworkTheQueen(Ont.)v.RonEngineering•Facts–Ron

7、discoversmistakeaftersubmittingbid,refusestosignconstructioncontract–CrowntakesRon’s$150,000bidsecurity•DecisionatSCC–SCCfoundtenderingprocessinvolvestwocontracts•UnilateralContract(ContractA)-createdoncebi