GLAR Method
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.
Guaranteed Maximum Price Contract (GMP)
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).
Gantt chart
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.
Garnishee Proceedings
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.
GC21 Contract
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.
General Conditions
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.
General Damages
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
Geotechnical
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.
Global Claim
A claim made by a contractor which rolls up or incorporates a number of individual claims on the basis that they are indivisible. Such claims are highly susceptible to challenge.
Good Faith
An obligation in a Contract to act with honest intent and not to act intentionally or capriciously in a manner likely to cause another party to be deprived of a benefit the other party would otherwise have obtained under the Contract, or which takes an unfair advantage over another party.