Site Conditions
The physical conditions on or under the Site and its near surrounds, including artificial things and Latent Conditions, but excluding weather conditions.
Special Conditions
See Schedule of Amendments.
Specific Performance
Refers to a court order directed at a contracting party requiring it to perform obligations under a Contract. The right to specific performance contrasts with the right to Damages for breach of contract. Courts need to be satisfied that damages are not an appropriate remedy before making an order for specific performance of a contract.
Specifications
A design or performance criterion describing in detail the work to be performed which is often one of the contractual documents that the contractor must comply with.
Security Trust
An arrangement under which a Security Trustee holds all security interests, overall project entities and assets for the beneficiaries under the security trust (senior and mezzanine financiers, builders and sponsors).
Sponsor
A sponsor is usually the Parent Company of a special purpose vehicle, or another related company, that provides equity, security or other undertaking in relation to a project.
Schedule of Amendments (Special Conditions, Amendments to General Conditions of Contract)
Additional conditions or amendments in a separate document or portion of the agreement that form part of an agreement. Typically found in standard forms of contract (eg a contract for the sale of land), the Schedule of Amendments includes the terms of which require modification, clarification or additions.
Schedule of Rates
A list of rates or charges incorporated in a contract for the provision of goods or services. Where the rates are the means of determining the contract sum, the contract is known as a schedule of rates contract as distinct from a lump sum contract. Where the rates are merely used to value variations, the contract will not be considered a schedule of rates contract.
Scope of Works
In respect of a construction contract, it includes all work required to be undertaken by the contractor in accordance with the Contract.
Scott Schedule
A schedule prepared by a party to construction litigation that identifies (usually by way of a table) the Defects that are in dispute between the parties.