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Standard Form Of Building Contract
"Need a Standard Form of Building Contract for a 20-storey commercial building project in Singapore CBD, with completion scheduled for December 2025, including specific provisions for green building certification and phased completion requirements."
1. Parties: Identification and details of the employer and contractor
2. Background: Context of the construction project and agreement
3. Definitions: Key terms used throughout the contract
4. Contract Sum: Agreed price for the works and payment terms
5. Scope of Works: Detailed description of construction works to be performed
6. Time for Completion: Project timeline, completion dates, and extension provisions
7. Payment Terms: Payment schedule, mechanisms, and compliance with Building and Construction Industry Security of Payment Act
8. Contractor's Obligations: Main responsibilities including compliance with Building Control Act, Workplace Safety and Health Act
9. Employer's Obligations: Main responsibilities including site access and approvals
1. Performance Bond: Security for performance requirements, typically 5-10% of contract sum
2. Insurance Requirements: Specific insurance obligations beyond standard provisions
3. Liquidated Damages: Predetermined damages for delay and performance failures
4. Green Mark Requirements: Specific provisions for BCA Green Mark certification compliance
1. Contract Drawings: Approved architectural and engineering drawings
2. Specifications: Detailed technical specifications for the works
3. Bill of Quantities: Itemized list of materials and works with quantities
4. Programme of Works: Detailed construction schedule and milestones
5. List of Subcontractors: Approved subcontractors and their scope of works
6. Performance Bond Format: Template for performance bond if required
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