Heads of terms - Revision history

Designing Buildings: moved Legal agreements for design and construction to Heads of terms

2024-08-03T13:45:31Z

moved Legal agreements for design and construction to Heads of terms

← Older revision

Revision as of 13:45, 3 August 2024

Designing Buildings at 13:44, 3 August 2024

2024-08-03T13:44:36Z

← Older revision		Revision as of 13:44, 3 August 2024
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−	~~= Introduction =~~	+	"Heads of Terms" refers to a non-binding document outlining the key terms and conditions agreed upon by parties before the finalisation of a formal contract. It serves as a preliminary agreement that sets the framework for further negotiations and drafting of the detailed contract.

−	~~This article lists draft heads~~ of ~~terms~~ for ~~likely legal agreements~~. ~~Such agreements might include:~~	+	It summarises the principal points of the agreement between the parties,and establishes a basis for detailed negotiations and drafting of the formal contract, ensuring that both parties are on the same page regarding the key aspects. This helps to focus discussions on important issues and prevents misunderstandings or disputes later in the process.

−	~~== Procurement and contract strategy ==~~	+	It might include terms such as:

−	This should include carefully thought out risk allocation (procurement routes might involve bills of quantities, schedules of activities, target cost formulae and part design responsibility).	+	* The scope of work.
		+	* Project timelines.
		+	* Payment terms and conditions.
		+	* Roles and responsibilities of the parties involved.
		+	* Confidentiality provisions.
		+	* Any conditions precedent (conditions that must be met before the agreement becomes effective)
		+	* Procurement and contract strategy. This should include carefully thought out risk allocation (procurement routes might involve bills of quantities, schedules of activities, target cost formulae and part design responsibility).
		+	* Choice of contract.
		+	* Conditions of engagement for consultants.
		+	* Design and collateral warranties.
		+	* Incentive mechanisms.
		+	* Abortive terms.

−	~~See Procurement Route~~ for ~~additional information~~.	+	While Heads of Terms indicate a mutual intent to proceed, they are generally not legally binding except for certain clauses, such as confidentiality and exclusivity, which might be explicitly stated as binding.Heads of Terms can be particularly useful in complex construction projects where multiple parties are involved, helping to streamline the process and set clear expectations before committing to a detailed and binding contract.

−	~~== Choice of contract ==~~	+	= Related articles on Designing Buildings =
−		+
−	* General contract conditions (GC Works, HMSO). NB: GC Works contracts are no longer being updated by the government who are now moving to the NEC contract.	+
−	* Standard JCT (Joint Contract Tribunal) contracts.	+
−	* NEC (New Engineering Contracts) contracts (options a-e).	+
−	* FIDIC (Fédération Internationale des Ingénieurs-Conseils).	+
−	* ICE (Institution of Civil Engineers). NB: ICE contracts have now been withdrawn in favour of NEC contracts.	+
−	* Framework agreements.	+
−	* Bespoke contracts.	+
−		+
−	~~See Contracts for more information~~	+
−		+
−	~~== Conditions of engagement for consultants ==~~	+
−		+
−	* Letter of appointment.	+
−	* Services agreements from professional bodies (such as the RIBA, ACA, RICS, CIC, ACE and SCALA).	+
−	* NEC professional services contract.	+
−	* Bespoke consultants agreement..	+
−		+
−	~~See Appointments for more information~~	+
−		+
−	~~== Design and collateral warranties ==~~	+
−		+
−	~~For example the British Property Federation (BPF) model form~~	+
−		+
−	~~== Incentive mechanisms ==~~	+
−		+
−	~~== Abortive terms ==~~	+
−		+
−	= Related articles on Designing Buildings ~~Wiki~~ =	+

	* Agreement.		* Agreement.

Editor at 11:41, 23 February 2021

2021-02-23T11:41:48Z

← Older revision		Revision as of 11:41, 23 February 2021
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	* Bills of quantities.		* Bills of quantities.
	* BIM protocol.		* BIM protocol.
		+	* CIOB Planning Protocol 2021.
	* Clause.		* Clause.
	* Construction contract.		* Construction contract.

Designing Buildings at 08:39, 8 October 2020

2020-10-08T08:39:46Z

← Older revision		Revision as of 08:39, 8 October 2020
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		+	= Introduction =
		+
	This article lists draft heads of terms for likely legal agreements. Such agreements might include:		This article lists draft heads of terms for likely legal agreements. Such agreements might include:

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	* Works contract.		* Works contract.

−	[[Category:Contracts_/_payment]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Procurement]]

Editor at 18:06, 30 October 2019

2019-10-30T18:06:32Z

← Older revision		Revision as of 18:06, 30 October 2019
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	* Construction contract.		* Construction contract.
	* Contract conditions.		* Contract conditions.
		+	* Legal action.
	* New Engineering Contract.		* New Engineering Contract.
	* Overbuild.		* Overbuild.

Editor at 16:40, 18 February 2019

2019-02-18T16:40:51Z

← Older revision		Revision as of 16:40, 18 February 2019
Line 46:		Line 46:
	* Contract conditions.		* Contract conditions.
	* New Engineering Contract.		* New Engineering Contract.
		+	* Overbuild.
	* Partnering and joint ventures.		* Partnering and joint ventures.
	* Procurement route.		* Procurement route.

Editor at 15:05, 15 October 2018

2018-10-15T15:05:02Z

← Older revision		Revision as of 15:05, 15 October 2018
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	This article lists draft heads of terms for likely legal agreements. Such agreements might include:		This article lists draft heads of terms for likely legal agreements. Such agreements might include:

−	== Procurement and contract strategy. ==	+	== Procurement and contract strategy ==

	This should include carefully thought out risk allocation (procurement routes might involve bills of quantities, schedules of activities, target cost formulae and part design responsibility).		This should include carefully thought out risk allocation (procurement routes might involve bills of quantities, schedules of activities, target cost formulae and part design responsibility).
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	* Bills of quantities.		* Bills of quantities.
	* BIM protocol.		* BIM protocol.
		+	* Clause.
	* Construction contract.		* Construction contract.
	* Contract conditions.		* Contract conditions.

Editor at 15:08, 25 September 2018

2018-09-25T15:08:05Z

← Older revision		Revision as of 15:08, 25 September 2018
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−
	This article lists draft heads of terms for likely legal agreements. Such agreements might include:		This article lists draft heads of terms for likely legal agreements. Such agreements might include:

Line 9:		Line 8:

	== Choice of contract ==		== Choice of contract ==
−	*General contract conditions (GC Works, HMSO). NB GC Works contracts are no longer being updated by the government who are now moving to the NEC contract.	+
−	*Standard JCT (Joint Contract Tribunal) contracts.	+	* General contract conditions (GC Works, HMSO). NB: GC Works contracts are no longer being updated by the government who are now moving to the NEC contract.
−	*NEC (New Engineering Contracts) contracts (options a-e).	+	* Standard JCT (Joint Contract Tribunal) contracts.
−	*FIDIC (Fédération Internationale des Ingénieurs-Conseils).	+	* NEC (New Engineering Contracts) contracts (options a-e).
−	*ICE (Institution of Civil Engineers). NB ICE contracts have now been withdrawn in favour of NEC contracts.	+	* FIDIC (Fédération Internationale des Ingénieurs-Conseils).
−	*Framework agreements.	+	* ICE (Institution of Civil Engineers). NB: ICE contracts have now been withdrawn in favour of NEC contracts.
−	*Bespoke contracts.	+	* Framework agreements.
		+	* Bespoke contracts.

	See Contracts for more information		See Contracts for more information

	== Conditions of engagement for consultants ==		== Conditions of engagement for consultants ==
−	*Letter of appointment.	+
−	*Services agreements from professional bodies (such as the RIBA, ACA, RICS, CIC, ACE and SCALA).	+	* Letter of appointment.
−	*NEC professional services contract.	+	* Services agreements from professional bodies (such as the RIBA, ACA, RICS, CIC, ACE and SCALA).
−	*Bespoke consultants agreement..	+	* NEC professional services contract.
		+	* Bespoke consultants agreement..

	See Appointments for more information		See Appointments for more information
Line 31:		Line 32:
	For example the British Property Federation (BPF) model form		For example the British Property Federation (BPF) model form

−	== Incentive mechanisms. ==	+	== Incentive mechanisms ==

−	== Abortive terms. ==	+	== Abortive terms ==

−	= ~~Find out more~~ =	+	= Related articles on Designing Buildings Wiki =

−	~~=== Related articles on Designing Buildings Wiki ===~~	+	* Agreement.
−	*Appointing consultants.	+	* Appointing consultants.
−	*Bills of quantities.	+	* Bills of quantities.
−	*BIM protocol.	+	* BIM protocol.
−	*Construction contract.	+	* Construction contract.
−	*Contract conditions.	+	* Contract conditions.
−	*New Engineering Contract.	+	* New Engineering Contract.
−	*Partnering and joint ventures.	+	* Partnering and joint ventures.
−	*Procurement route.	+	* Procurement route.
−	*Target cost.	+	* Target cost.
−	*Works contract.	+	* Works contract.

−	[[Category:Contracts_/_payment]]	+	[[Category:Contracts_/_payment]] [[Category:Procurement]]
−	[[Category:Procurement]]	+

Designing Buildings at 06:54, 9 October 2015

2015-10-09T06:54:58Z

← Older revision		Revision as of 06:54, 9 October 2015
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	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
−	*~~Appointment~~.	+	*Appointing consultants.
	*Bills of quantities.		*Bills of quantities.
	*BIM protocol.		*BIM protocol.
−	*~~Contract~~.	+	*Construction contract.
	*Contract conditions.		*Contract conditions.
	*New Engineering Contract.		*New Engineering Contract.
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	[[Category:Contracts_/_payment]]		[[Category:Contracts_/_payment]]
	[[Category:Procurement]]		[[Category:Procurement]]
−	~~[[Category:Contracts_/_payment_/_payment]]~~

Designing Buildings: moved Legal agreements to Legal agreements for design and construction

2014-04-05T06:58:31Z

moved Legal agreements to Legal agreements for design and construction

← Older revision

Revision as of 06:58, 5 April 2014