F

A performance requirement that the deliverables in a contract will be reasonably fit for the particular purpose for which they are required.  Compliance is measured against the use and performance and the final product, rather than on the adequacy of any design drawings or other inputs specified by the principal.  More specific requirements may be agreed between the parties or be the subject of legislation such as the requirement of fitness for purpose under the Australian Consumer Law for goods supplied to a consumer from 1 January 2011.

The finishing works required (such as putting up suspended ceilings, fixing prefabricated joinery, laying carpets) before a building is ready to be occupied.

A Contract where the price is determined in advance of the parties' obligations being performed and which contains no provision to compensate the Contractor for increases in labour and material costs.

A programming related term describing a period of time between completion of one activity and the start of a second activity which is consequential upon completion of the first. Also known as 'slack'.

The main working documents used on site for the actual construction of the project, including plans, sections and elevations. These may differ from drawings in the Tender or Contract Documents, for example due to design development.

An acronym for furniture/fixtures, fittings and equipment.

An event which is beyond the reasonable control of the contracting parties and which prevents the Works from being carried out. This may include flooding, earthquakes, cyclones, war, industrial disputes, pandemics, secondary boycotts and temporary failure to obtain export approvals. In construction contracts force majeure events may sometimes provide a right to an Extension of Time or to terminate the contract.

A person who is under an obligation to act in good faith for the benefit of another person at the exclusion of that person's own interest.

The document executed by all parties to a Contract which records the agreement between them, such as the general terms and conditions of the Contract, technical specifications and other documents forming part of the Contract. It may also list the order of precedence of the contract documents.

The certificate issued by the Superintendent or Certifier to the Contractor on Final Completion. Once issued, the certificate entitles the Contractor to receive its final payment. Also known as a Final Statement.