A change order in construction contract is modification of a contract in writing. Types of change orders, its features and components are discussed.
Construction Contracts
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Lump Sum Construction Contract – Its Advantages and Disadvantages
In lump sum construction contract contractor bids fixed price for all activities in project. Advantages and disadvantages of lump sum contract is discussed.
Types of Construction Contracts and their Comparison [PDF]
There are different types of construction contracts, and their comparison is presented in this article. A construction contract is an agreement between two or more parties to execute the construction works as per certain terms and conditions. A construction contract ...
3 Types of Tendering Methods in Construction
Three types of tendering methods are used in construction- open tendering, selective tendering, and negotiation. Tendering methods are selected based on requirements of construction works.
How to Write Construction Specifications for Contract Documents?
For writing specifications for construction contracts, care must be taken to ensure consistency of requirements throughout and conformity with what is written in other documents. This consistency can be promoted if one person drafts all the documents or, if parts ...
DESIGN & BUILD CONTRACTS
Design and build contract is contract where contractor is responsible for design as well as construction of the project. Client is only interested in the output of the project, and full responsibility of delivering such type of contracts lies with ...
COST PLUS CONTRACTS
COST PLUS CONTRACT Cost + (cost plus) is a Contract agreement where the Owner agrees to pay the cost of all labor and materials plus an amount for Contractor overhead and profit (usually as a percentage of the labor and ...