Firm Fixed Price (FFP) solicitation and warranty provision
Yes, there is a necessity to take in a requirement for the winning contractor to arrange for a warranty. Fundamentally FFP, i.e. Firm Fixed Price is specific types of contracts which offer for a price that is not made subject to all such modifications based on. An implied warranty will support that the contractor will provide and install his work in a right, professional style and keeping with the industry values (O’Brien, 2013). Of the guarantees that may be enclosed throughout the progress of construction, one of the most significant to an owner is a contractor’s warranty involving to the excellent work and the contractor’s responsibility to repair any faulty labour on a call-back basis
The contractor’s warranty will influence the success of the project, and it is critical to a successful construction project. Creating the standard or setting a point of reference at which the contractor is estimated to achieve is proposed to guarantee owners obtain full excellence and value for their commercial investment. The Inspection clauses in FAR Part 52 sets the texts of all FAR provisions and terms and individually in it has its distinct subcategory (Lambropoulos, 2013). The subject matter, therefore, arranges the subpart, respective FAR provision or clause is exclusively recognized.
The contractor is consequently accountable for carrying out all tests and inspections required to validate that the materials or the services equipped under the contract fit into the contract necessities. The Inspection of Supplies-Fixed-Price maintains that the contractor will mean to deliver and keep up an inspection arrangement to the owner (O’Brien, 2013). Covering supplies in the agreement and will tender to the owner for approval only the amounts that have been examined in cooperation with the checkup arrangement and have been set up by the contractor to conform to the contract requirements.
References
O’Brien, J. J. (2013). Construction inspection handbook: Quality assurance/quality control. Springer Science & Business Media.
Lambropoulos, S. (2013). Objective construction contract award using cost, time and durability utility. Procedia-Social and Behavioral Sciences, 74, 123-133.