Types Of Construction Contracts

Types Of Construction Contracts

Construction Contracts PDF

A Construction Contract is a warranty that the executed job will receive the specific amount of compensation (payment of money) or how the compensation will be distributed. There are many types of construction contracts used in the construction industry, but there are certain types of construction contracts preferred by construction professionals. The best and most direct way to understand these reasons behind the different types of construction contracts is by examining and analyzing the construction costs of these contracts

There are three pricing forms of competitive contracts:

  • Lump-Sum
  • Unit-Price
  • Schedule of Rates

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