What does Specifications mean in a contract?

What does Specifications mean in a contract?

A specification may refer to a standard which is often referenced by a contract or procurement document, or an otherwise agreed upon set of requirements (though still often used in the singular). In any case, it provides the necessary details about the specific requirements.

Are Specifications part of the contract?

Because specifications are an integral part of the Contract Documents, they are considered to be legal documents, and should therefore be comprehensive, accurate, and clear. Specification writing has two principal objectives: to define the scope of work and to act as a set of instructions.

What is the use of Specifications in a contract?

Specifications describe the products, materials, and work required by a construction contract. They do not include cost, quantity, or drawn information, and so need to be read alongside other information such as quantities, schedules, and drawings.

Why are Specifications required when contracting?

A specification can support project costing, not only the materials and products but the performance and workmanship. Along with the drawings, the specification forms part of the contractual documents, helping minimise project risk and providing support should there be any legal disputes.

When process is within specification it means?

Within some structured methods, the capitalized term Process Specification refers to a description of the procedure to be followed by an actor within an elementary level business activity, as represented on a process model such as a dataflow diagram or IDEF0 model. …

What are the purpose of specifications?

The purpose of a specification is to provide a description and statement of the requirements of a product, components of a product, the capability or performance of a product, and/or the service or work to be performed to create a product.

What is the purpose of specifications electrical?

What is the purpose of specification? To supplement the plans by giving specific information on materials and to help in estimating costs. What electrical codes must be conformed to? Section 5 Codes: NEC local electrical codes and any applicable utility rules.

What are the importance of specification in procurement?

A specification details the requirements of the procurement. It is the basis of all offers and therefore the foundation for a contract. A specification becomes an essential contract management document which is used to ensure that the chosen supplier provides what is specified.

How product and process specification are done explain?

When a product is conceptualized, its requirements and specifications are documented so that the product teams can understand what the product will be, how it will look and what sorts of functions it will perform. This blueprint including product details is perceived as product specifications.

What is the purpose of creating a functional specification?

A functional specification basically tells developers what features they need to build and why. It also helps all the stakeholders involved in the process to work through their often diverging opinions by focusing on a set of goals.

Where can I find the specifications of a contract?

The Contract Specifications appear on the Website. Contract Specifications means, with respect to any Contract, the rules or other trading protocols containing specifications for such Contract, as adopted, amended, supplemented or otherwise modified from time to time by the Exchange.

Which is an example of failure to meet contract specifications?

Potential Scheme: Failure to Meet Contract Specifications. A contractor can commit fraud by falsely claiming to have completed a contract according to its specifications when it knows that it did not. A common example is a contractor that knowingly fails to lay the specified foundation for a road but bills for the work as if it was done correctly.

What should be included in a service contract?

The contract should define what functionality the provider provides, what data it will return, or typically some combination of the two. Contracts must also specify nonfunctional requirements that detail not what the Service does, but the way in which it goes about its business.

What goes in a service contract ( SOA )?

In particular, the question many architects are asking us now is what exactly goes in the Service contract. The most basic interaction in SOA is between Service providers and Service consumers. For each interaction between these two parties, one provides some combination of data and functionality and the other consumes it.