Contract Terms and Conditions

Qualification sheet = An announcement that an organization is interested in receiving proposals for a particular project Request for proposal (RFP) = A document that asks for certain types of information to determine if the bidder is technically and financially qualified to handle a job of this scope Severability provision = A document which gives up the right to make a claim against the community association for payments not received Waiver of lien = This provision states that if a court finds that any clause of the contract is illegal or unenforceable, that clause shall be severed (separated) from the rest of the contract

Waiver provision = A warranty should state what is covered, for how long, and what the contractor will do if the work or product proves defective Warranty = This provision states that a waiver (permission) by one party of any breach of contract (failure to fulfill a provision) by the other party shall not act as a general waiver of future breaches Severability provision = A document that asks for certain types of information to determine if the bidder is technically and financially qualified to handle a job of this scope Request for proposal (RFP) = An announcement that an organization is interested in receiving proposals for a particular project

Request for proposal (RFP) = A document that asks for certain types of information to determine if the bidder is technically and financially qualified to handle a job of this scope Qualification sheet = An announcement that an organization is interested in receiving proposals for a particular project Warranty = This provision states that if a court finds that any clause of the contract is illegal or unenforceable, that clause shall be severed (separated) from the rest of the contract Severability provision = A warranty should state what is covered, for how long, and what the contractor will do if the work or product proves defective

<p>Waiver of lien = This provision states that a waiver (permission) by one party of any breach of contract (failure to fulfill a provision) by the other party shall not act as a general waiver of future breaches Waiver provision = A document which gives up the right to make a claim against the community association for payments not received Severability provision = An announcement that an organization is interested in receiving proposals for a particular project Warranty = A document that asks for certain types of information to determine if the bidder is technically and financially qualified to handle a job of this scope</p> Signup and view all the answers

<p>Qualification sheet = A warranty should state what is covered, for how long, and what the contractor will do if the work or product proves defective Warranty = A document that asks for certain types of information to determine if the bidder is technically and financially qualified to handle a job of this scope Request for proposal (RFP) = This provision states that if a court finds that any clause of the contract is illegal or unenforceable, that clause shall be severed (separated) from the rest of the contract Severability provision = An announcement that an organization is interested in receiving proposals for a particular project</p> Signup and view all the answers

<p>Waiver provision = A document that asks for certain types of information to determine if the bidder is technically and financially qualified to handle a job of this scope Severability provision = A document which gives up the right to make a claim against the community association for payments not received Waiver of lien = This provision states that a waiver (permission) by one party of any breach of contract (failure to fulfill a provision) by the other party shall not act as a general waiver of future breaches Request for proposal (RFP) = A warranty should state what is covered, for how long, and what the contractor will do if the work or product proves defective</p> Signup and view all the answers

<p>Assignability provision = A provision that ensures the contract may not be modified in any way unless written and signed by both parties. Bid request = A detailed instruction about the products or services requested through the bid request. Default = A failure of either party to fulfill the terms of the contract. Modification provision = A provision that states that neither party may assign its obligations under the contract to any other person without the express written consent of the other party.</p> Signup and view all the answers

<p>Entire obligation provision = A provision that states that the written, signed contract constitutes the entire obligation. Bid specifications = A detailed instruction about the products or services requested through the bid request. Performance bond = A guarantee by a surety to protect the community association if the contractor fails to perform or finish the work. Payment bond = A bond that guarantees the contractor's suppliers and any subcontractors will be paid if the contractor does not pay them.</p> Signup and view all the answers

<p>Progress payments = Partial payments based on some demonstrable progress in completing the work involved. Prospective bidder's questionnaire = A detailed instruction about the products or services requested through the bid request. Payment bond = A guarantee by a surety to protect the community association if the contractor fails to perform or finish the work. Bid request = A formal request to receive proposals for a particular project.</p> Signup and view all the answers

<p>Default = A failure of either party to fulfill the terms of the contract. Contract = A legally enforceable agreement between two or more parties. Performance bond = A guarantee by a surety to protect the community association if the contractor fails to perform or finish the work. Entire obligation provision = A provision that states that the written, signed contract constitutes the entire obligation.</p> Signup and view all the answers

<p>Bid request = A formal request to receive proposals for a particular project. Bid specifications = A detailed instruction about the products or services requested through the bid request. Progress payments = Partial payments based on some demonstrable progress in completing the work involved. Prospective bidder's questionnaire = A detailed document submitted by a bidder to demonstrate their qualifications.</p> Signup and view all the answers

<p>Entire obligation provision = A provision that states that the law of a particular state will be applied if there are any disputes about the contract after it is signed. Performance bond = A guarantee by a surety to protect the community association if the contractor fails to perform or finish the work. Modification provision = A provision that states that the contract may not be modified in any way unless written and signed by both parties. Contract = A legally enforceable agreement between two or more parties.</p> Signup and view all the answers

<p>Assignability provision = A provision that states that neither party may assign its obligations under the contract to any other person without the express written consent of the other party. Default = A failure of either party to fulfill the terms of the contract. Payment bond = A bond that guarantees the contractor's suppliers and any subcontractors will be paid if the contractor does not pay them. Prospective bidder's questionnaire = A detailed document submitted by a bidder to demonstrate their qualifications.</p> Signup and view all the answers

<p>Performance bond = A guarantee by a surety to protect the community association if the contractor fails to perform or finish the work. Bid specifications = A detailed instruction about the products or services requested through the bid request. Progress payments = Partial payments based on some demonstrable progress in completing the work involved. Modification provision = A provision that states that the contract may not be modified in any way unless written and signed by both parties.</p> Signup and view all the answers

<p>To determine if the bidder is technically and financially qualified to handle a job of this scope</p> Signup and view all the answers

<p>Severs an illegal or unenforceable clause from the rest of the contract</p> Signup and view all the answers

<p>To give up the right to make a claim against the community association for payments not received</p> Signup and view all the answers

<p>Provides a waiver for future breaches of contract</p> Signup and view all the answers

<p>To announce an organization's interest in receiving proposals for a particular project</p> Signup and view all the answers

<p>What is covered, for how long, and what the contractor will do if the work or product proves defective</p> Signup and view all the answers

<p>To receive proposals for a particular project</p> Signup and view all the answers

<p>A provision that requires express written consent to assign obligations</p> Signup and view all the answers

<p>To protect the community association if the contractor fails to perform or finish the work</p> Signup and view all the answers

<p>To ensure payment to the contractor's suppliers and subcontractors</p> Signup and view all the answers

<p>To ensure that any modifications to the contract are written and signed by both parties</p> Signup and view all the answers

<p>A provision that states the written, signed contract constitutes the entire agreement</p> Signup and view all the answers

<p>A failure to fulfill the terms of the contract</p> Signup and view all the answers

<p>To determine the qualifications of potential bidders</p> Signup and view all the answers