Introduction to Management, Practice and Law (Lecture Week #03)

Initiating and preparing process groups are the most important process groups in project lifecycle, while  the most influencing phase in project management is preparing process group phase which divided into main three processes.

Tender Documents

The most important submitted tender’s documents
1- Contract Agreement (not signed)
5- Contract Conditions
     - General Conditions
     - Particular/Specific Conditions
3- Technical Specifications
4- Bill of Quantities
5- Executive Drawings & Soil Report
6- Preliminary Time Schedule
7- Primary/Temporary Insurance/Bond (Fixed value or % value)

Tender's Documents Submission

Contract Documents

The most important contract documents
1- Contract Agreement (signed)
2- Contract Conditions
     - General Conditions
     - Particular/Specific Conditions
3- Technical Specifications
4- Bill of Quantities
5- Executive Drawings & Soil Report
6- Detailed Time Schedule
7- Final Insurance/Bond (5% of Contract Value)

Contract Agreement Must at least Include

The most important contents are:
1-.Contract Participants detailed data
2-.Project’s Scope
3-.Project’s Budget (Contract Value)
4-.Project’s Duration (Start Date – Finish Date)
5-.List of Contract Documents (Documents’ Priority)
6-.Down Payment (if any)
7-.Final Insurance/Bond(5% of Contract Value)
8-.Performance Insurance/Bond(5% sub of each invoice)