Scan a typical stipulated sum contract and identify those clauses that prescribe, modify, or are related to time considerations. Then develop a chronological timeline (similar to Figure 3.1) for the contract that locates the times (or time zones) for which each of the clauses are relevant. Which clauses rigorously fix time constraints for the contract and which are dependent on acts of God or the owner for relevance?

Figure 3.1

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Project Cycle-Construction Phase Notice to bidders Bidding period Bid opening Formal contract Written notice to proceed Acceptance period (60-90 days)