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CONTRACT

A contract is a business agreement between two parties .In the subject under consideration, it is between the employer (client) and the contractor (Builder). In Sri Lanka contractors are registered by the ICTAD.

The registration of construction contractors in the ICTAD is considered under ten categories on financial terms.

Grade Limit
M1 X >300
M2 300>X>150
M3 150>X > 50
M4 50>X > 20
M5 20 > X >10
M6 10 > X >05
M7 05 >X >02
M8 02 >X >01
M9 01 >X>0.5
M10 0.5>X>

The contractors have been registered under the following fields of specialties.

01. Building Construction
02. Highway Construction
03. Bridge Construction
04. Water Supply & Drainage Construction
05. Irrigation & Land Drainage Construction
06. Dredging & Reclamation Construction
07. Other Heavy Construction

From the point where the site is handed over to the contractor, until the finished building is handed over to the client, the site becomes the total responsibility of the contractor. He should be informed of any special conditions applying to the site such as rights of way preservation of existing trees & protection of neighboring properties. The handing over is done normally by means of a letter sent by the architect to the contractor.
The contractor will normally hold his own production meetings prior to the architect's progress meeting. This will be arranged and chaired by the contractor.

Contractors
Contract Documents
Contract Administration

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