5 Different types of construction contracts and their suitability 1 - SlideServe
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5 Different types of construction contracts and their suitability 1 - SlideServe
1. Lump sum Contract: A lump sum contract is normally used in the construction industry to reduce design and contract administration costs. It is called a Lump Sum because the contractor is required to submit a total and globalprice instead of bidding on individual items with this kind of...
992 viewsJun 10, 2018
Construction Contract Types
"Explore the main types of contracts used in construction and project management. Gain an understanding of each type's structure, risks, and benefits to make informed decisions." #ContractTypes #ConstructionContracts #ProjectManagement #RiskManagement #ContractStructure | Planning Engineer | Facebook
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