Page 244 - Urban Construction Project Management
P. 244
Contracts 199
• Waiver of liens and from whom?
• Subcontractors invoices
• Percentage of retainer
• When will the retainer be released?
• Will retainer be held on fee, bonds, or insurance?
• Final payment (In what manner?)
7. Insurance
• Coverage
• Is builder’s all risk policy required?
• Will wrap-up insurance be considered?
• Understanding the requirements
• Who is to be covered?
8. Bonds
• Types (i.e., bid, performance, payment, lien)
• Enforcement
• Circumstances in which they will be evoked
9. Unforeseen conditions
• Foundations and bearing capacity
• Property lines
• Utilities
10. Owner’s representative, architect, and consultants
• Definition of role
• Changes of scope
• Means and methods
• Review shop drawings and RFIs
11. Coordinated drawings
• CM/GC vs. the design team
• What is to be coordinated?
12. Close-out
• Punch lists
• Final waiver of liens and claims
• Department of Buildings sign off
• Close-out documents
• Warranties (what is covered and when does it start?)
• Maintenance agreements (if any)
• Attic stock
• Specific equipment use and maintenance classes
• Maintenance costs required?
