Texas Education Code 51.776 – Definitions
Terms Used In Texas Education Code 51.776
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
In this subchapter:
(1) “Architect” means an individual registered as an architect under Chapter 1051, Occupations Code.
(2) “Board” means the governing body of an institution.
(3) “Contractor” in the context of a contract for the construction, rehabilitation, alteration, or repair of a facility means a sole proprietorship, partnership, corporation, or other legal entity that assumes the risk for constructing, rehabilitating, altering, or repairing all or part of the facility at the contracted price.
(4) “Engineer” means an individual licensed as an engineer under Chapter 1001, Occupations Code.
(5) “Facility” means real property, including buildings and associated structures and improved or unimproved land.
(6) “Fee” in the context of a contract for the construction, rehabilitation, alteration, or repair of a facility means the payment a construction manager receives for its overhead and profit in performing its services.
(7) “General conditions” in the context of a contract for the construction, rehabilitation, alteration, or repair of a facility means on-site management, administrative personnel, insurance, bonds, equipment, utilities, and incidental work, including minor field labor and materials.
(8) “Institution” means an institution of higher education as defined by § 61.003, other than a public junior college.