G

The method of measurement for gross lettable area of a space (usually a retail space) prescribed by the Property Council of Australia Method of Measurement dated 1 July 2008.

A contract which caps the Contractor’s entitlement to payment at a maximum price, subject only to legitimate increases, such as authorised changes to the employer’s outline or basic Design requirements. Under GMP Contracts, Principals have considerable certainty over what the final maximum cost of a project will be, and there is generally a provision for the distribution of any additional profit achieved through the cost saving measures (which would benefit the Contractor if the costs were lower than anticipated).

A comprehensive, voluntary environmental rating system which rates a building against nine environmental criteria.  There are four rating tools covering certification of design, construction and operation of buildings.   Green Star rates a building both at its design stage and after construction. Buildings can be rated between 4 and 6 stars, with 6 stars representing world leadership.. The right to promote the Green Star rating relies upon formal certification by the Green Building Council of Australia.  See Green Building Council of Australia.

A secondary agreement in which one party (the guarantor or surety) is liable for the debt or default of another party (the principal debtor), who is the party primarily responsible for the debt or obligation. A guarantee requires independent Consideration and must be evidenced in writing. (See also Warranty)

A horizontal bar chart which provides a graphical illustration of the time frame for work that helps to plan, coordinate, and track specific tasks in a project, and is frequently used in project management.

A court proceeding where a judgment creditor may obtain a court order directing a third party who owes money to, or holds money for, the judgment debtor to pay the judgment creditor. Such an order is usually obtained against a bank requiring the bank to pay money held in the account of the debtor to the creditor.

General Conditions of contract used and issued originally by the Department of Public Works (NSW) and now managed by ProcurePoint and used by a number of NSW government departments for public works contracts.

Conditions set out in standard forms of Contract are known as general conditions. Where the parties employ standard forms of general conditions but wish to vary or expand upon these provisions, additional conditions may be included in the Contract which are frequently described as Special Conditions which normally take precedence over general conditions.

Damages awarded for non-pecuniary loss or damage.  They comprise past and future losses that are not precisely quantifiable, such as damages for loss of future earnings and for pain and suffering

Scientific methods and engineering principles used to resolve engineering problems involving materials of the earth's crust. Geotechnics encompasses soil mechanics, rock mechanics, geology, geophysics, hydrology and related sciences.