StatsBlog provides a forum to give you a unique perspective on issues in the AEC and design industry. We share news, features of FIVE and how it influences contract administration.
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Rulebook: Essential Guidelines for success in Construction projects
Contract administrators play a pivotal role in ensuring the smooth execution of construction projects. Their responsibilities extend from managing contractual obligations to mitigating risks and facilitating communication between all parties involved. Given the complexity of their role, having a clear set of guidelines—or a rulebook—can greatly enhance their effectiveness. This article provides a comprehensive guide for contract administrators to follow, ensuring they uphold best practices and drive project success.
Defining Contract Roles
Proactively managing the contract admin process contributes to a smoother construction project and strengthens relationships between Architects, Designers, Engineers, and Clients. In this article, we explore these four roles.
Risk Management through effective Contract Admin in Construction
In the construction industry, where projects are complex and often filled with uncertainties, effective risk management is crucial for ensuring successful project delivery. A key driver of robust risk management is thorough and proactive contract administration. This article explores how implementing sound contract administration practices can significantly enhance risk management in construction projects, leading to more predictable and successful outcomes.
Industry Overview x Market Trends
Since contract administration is closely linked with the number of construction projects underway, administering contracts closely mirrors as to what goes on, in the construction industry. Generally, the construction industry holds steady or grows, unless there is a significant recession.
LWG chooses the FIVE-Hosted Cloud
We’ve worked hard alongside the LWG team to roll out a series of new features and enhancements to meet their exacting design guidelines and brand standards—something that the Statslog team is uniquely positioned to deliver to its clients.
Withholding funds during Construction
Holdback, retainage, and withholding are all terms used to describe monies withheld from the Contractor by the Owner. In Ontario, holdback is legislated as a percentage of the progress of work, and is intended to protect employees on a project site.
Pro-Demnity: Dispute resolution for Architects
In the world of design professionals, legal disputes can arise, placing them and their insurance coverage at risk. An insightful article delves into the five statement that a lawyer working with Pro-Demnity Insurance Company, an insurance provider for architectural professionals, hopes never to hear during initial meeting regarding a claim made against an Architect.
Why CCDC 24—Change Order form needs modifications
The CCDC 24—a guide to model forms and support documents (for use with CCDC 2-1994) is a wonderful resource, but needs a significant review, before use.