Owner Contractor And Subcontractor Case Study

The owner, contractor, and subcontractor; what are they pursuing?
What do the owner, contractor, and subcontractor have in common? What are they pursing all together? They are pursing the goal of coming together to build a project in a legal matter set in stone in legal binding to fulfill each other’s interests. How this process is executed has to be understood to avoid breaching of contract, parties being fully competent, and the work specified to be completed.
The beginning process begins as the contract being awarded to the contractor presenting the “lowest and best offer”. The contractor that was awarded as the lowest and best offer must be a responsible bidder. The responsible bidder is held to standards such as having the financial,

Must have the necessary experience, organization, and technical skills;
6. Must have the necessary production, equipment, or the resources to obtain them;
7. And last, be qualified for award under applicable laws and regulations.
The determination from the method above used is determined to measure the contractor’s responsibility to perform specified work. Once the contractor is considered to be eligible for the bid, they are considered to be the responsive bidder that negotiated and considered the best value. Failure to comply with all the requirements for competitive bidding can result in the contractors being nonresponsive, basically loosing the contract.
Once the bidding process is done and a contract is enforced, it’s very important to make sure all parties; the owner and contractor, in the contract are interpreting the contract correctly. It doesn’t have to use specify words but all parties in contract must be in a full agreement to know what the contract is asking for from each party, their duties and responsibilities to fulfill, and understand the consequences that will be taken into action if not fulfilled. (Kelleher, T.J, 2005, pg.89)
1. Every contract should be defined as:
2. A real agreement between