A contract by which the Contractor undertakes the entire obligation for construction of the project. The Contractor then engages Subcontractors to carry out aspects of the construction process and coordinates the Subcontractors to ensure their compliance with the Head Contract.
Heads of Agreement
A Heads of Agreement describes the key commercial terms of a particular transaction. It is an agreement which contemplates that a later agreement will deal more fully with the transaction.
HVAC is an acronym for heating, ventilation and air conditioning. An HVAC (or climate control) system maintains and controls air temperature and humidity. It is important in medium to large commercial and industrial developments to provide safe and healthy conditions for occupants, and to regulate operational conditions for plant and equipment.