Provisions Homework Assignment Value: 50 Points FORMAT:A.What does the provision state? Go through the key points of the provision. Do NOT just read the provision. B.What doesthe provision mean?How could itimpact your project? Thinkabout the provision in the totality of the construction contract. C.Why is it important?Think about this from the Contractor and the Owner's perspective. Include in your memorandum and power point an explanation as to what you might change from the Owner's and Contractor's perspective.

D. Summary for the provision simplifying the wording so it can be better understood.You are trying to dummy down the provisions so that any normal person reading it can understand it.

ARTICLE15CLAIMSANDDISPUTES

15.1 Claims

15.1.1Definition

A Claim is a demand or assertion by one of the parties seeking, as a matter of right, payment of money, a change in the Contract Time, or other relief with respect to the terms of the Contract. The term "Claim" also includes other disputes and matters in question between the Owner and Contractor arising out of or relating to the Contract. The responsibility to substantiate Claims shall rest with the party making the Claim. This Section 15.1.1 does not require the Owner to file a Claim in order to impose liquidated damages in accordance with the Contract Documents.