Ohio Admin. Code 153:1-4-01 - Definitions
(A)
For the purpose of these rules, the following terms
shall have the meanings given them in section
9.33 of the Revised Code:
"construction manager," "construction manager at risk," and "construction
management services."
(B)
For the purpose of this chapter, the following terms
shall have the meanings given them in section
153.65 of the Revised Code:
"public authority," "design-build contract," "design-build firm," "architect or
engineer of record" and "design-build services."
(C)
"Performance
bond " means a written guaranty from a surety to a public authority providing
financial assurance that the principal will perform the work in accordance with
the contract documents.
(D)
"Payment bond " means a written guaranty from a surety
to a public authority providing financial assurance that the principal will
make the required payments to subcontractors and material suppliers for all
labor, materials, and other services related to the project.
(E)
"Work " means the
labor, materials, equipment, and services, individually or collectively, which
are required by the contract documents to be performed or provided by the
construction manager at risk or design-build firm for the project.
(F)
"Contract sum " means the amount stipulated in the contract that is the total
amount payable to the construction manager at risk or design-build firm for
performance of the contract, including adjustments authorized by executed
change orders. For purposes of these rules, contract sum does not include any
compensation for architect or engineer of record services under a design-build
contract.
Notes
Promulgated Under: 119.03
Statutory Authority: 333(B), 153.70(C)
Rule Amplifies: 9.333, 153.70
Prior Effective Dates: 12/26/2011
Promulgated Under: 119.03
Statutory Authority: 9.333(B), 153.70(C)
Rule Amplifies: 9.333, 153.70
Prior Effective Dates: 12/26/2011
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