The Standard Form of Building Contract Without Quantities (SFBWQ) 2006 is a commonly used contract in the construction industry. It is designed to be used for projects where the quantities of materials required are not yet known. In this article, we will provide an overview of the SFBWQ 2006, its key features, and how it can benefit your construction project.
Overview of the SFBWQ 2006
The SFBWQ 2006 is a contract between the employer and the contractor. It sets out the terms and conditions of the construction project, including the scope of work, the project timeline, costs, and the responsibilities of each party. It is a comprehensive document that aims to protect the interests of both parties.
Key Features of the SFBWQ 2006
1. Price and payments: The contract sets out the agreed-upon price for the project and the payment schedule. It also specifies the payment terms, such as when payments are due and how they will be made.
2. Scope of work: The scope of work is defined in detail in the contract. It specifies the work that needs to be done, the materials to be used, and the quality standards that must be met.
3. Project timeline: The contract sets out the project timeline, including the start and end dates, as well as any milestones that must be met. It also specifies the consequences of any delays.
4. Responsibilities of the parties: The contract sets out the responsibilities of the employer and the contractor. This includes who is responsible for obtaining permits, insurance, and other necessary approvals.
Benefits of Using the SFBWQ 2006
1. Clarity: The SFBWQ 2006 provides a clear and comprehensive document that outlines the terms and conditions of the construction project. This reduces the risk of misunderstandings and disputes between the employer and the contractor.
2. Flexibility: The contract allows for flexibility as the quantities of materials required are not yet known. This allows for changes to be made as the project progresses without the need for extensive renegotiation.
3. Protection: The contract provides protection for both the employer and the contractor. It sets out the terms and conditions that both parties must adhere to, reducing the risk of disputes and legal action.
In conclusion, the SFBWQ 2006 is an important document for construction projects where the quantities of materials required are not yet known. Its key features include price and payments, scope of work, project timeline, and responsibilities of the parties. The benefits of using the SFBWQ 2006 include clarity, flexibility, and protection for both parties. If you are considering undertaking a construction project, it is important to consult with a legal professional to ensure that you have a comprehensive and effective contract in place.