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Commercial Awareness: The Contract

Commercial Awareness: The Contract

Level Advanced
Duration 30 minutes

The aim of this course is to provide an overview of the formation of a contract, the necessary elements and what happens where there is no contract.

Accreditations & CPD

This course provides structured Continuing Professional Development (CPD). Recognition of CPD is subject to individual professional body requirements and the learner’s role. This course is not formally accredited unless explicitly stated.

Suitable for CPD requirements of RICS, CIOB, ICE, APM, and PMI members.

Learning Outcomes

After studying this course, you should be able to:

• Understand the essential elements of a contract
• Explain what other elements may be present and the consequences if they are not
• Understand the difference between a letter of intent and a contract
• Explain the purpose of subcontracts and collateral warranties

About the Author

This course is produced by Built Intelligence in association with Steven Evans.

Steven is a dual qualified construction professional with 30 years’ experience in the industry gained initially as a quantity surveyor for a major multinational contractor, thereafter in commercial management positions and later as director and owner of professional services practices in the UK and Australia.

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