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A construction company wishes to place the contract for the building of a new hotel...

CIPS L4M3 Full Course Access
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A construction company wishes to place the contract for the building of a new hotel to a principal contractor using a model form contract. Which of these is an advantage of using a 'model form contract?'

A.

Incentive payment terms can be included to reward the supplier for attainment of cost savings

B.

Formulae or indices can be included to assess any additional supplier's claims for contract price adjustment

C.

It avoids the requirement to create complex contracts each time but can be adapted to suit particular circumstances

D.

Legal advice is still required if significant amendments or variations are to be made to the contract

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