Episode 59 - Standard Building Contract (SBC) Part 1

This episode of the "Part Three With Me" podcast provides an in-depth overview of the Standard Building Contract (SBC), focusing on its structure, versions, and key components. It highlights the three versions of the SBC: with quantities, without quantities, and with approximate quantities, explaining the differences in contract documents and payment calculations. The discussion covers essential contract documents like the Articles of Agreement, Contract Drawings, and Employee's Requirements, emphasizing the contractor's obligations to complete the work as described. The episode also addresses program considerations, including possession of the site, completion dates, and the process for extensions of time, as well as control of the works, including the contract administrator's role and handling defects.