Contracts address labour requirements, incentives involved, money matters, time of delivery, economic construction, choice of equipment, and so on. Thus, it is essential if the construction works are to be carried out smoothly. There are different types of contracts which vary in terms of cost,...
There are many types of subcontractors in construction What is a subcontractor? To the world outside the hammers, nails, excavators, and drawings, “contractor” tends to describe everyone who builds anything. But the term “contractor” applies to anyone hired to perform work or services under ...
preclude vt 排除 prospective a 预期的,未来的 contemplate n 期待,期望;反复打算,凝思,沉思 haunt n 缠住 to varying degrees 在不同程度上 reimburse vt 偿还 discrepancy n 相差,差异,矛盾 Unit Thirteen Types of Contracts English for Construction Project Management Vocabulary Key Structures Questions Reading...
Types of Construction ContractsIn general, the construction contract price includes direct and indirect project costs plus profit. While construction contracts serve as a means of pricing overall construction, they also structure...doi:10.1007/978-3-319-66685-3_5Surahyo...
There are several types of construction management contracts including agreements that protect both the purchaser and the builder. 3 min read updated on September 19, 2022 There are several types of construction management contracts. Such agreements protect both parties –the purchaser and the builder...
Learn more:How retainage works in construction contracts 1. Lump sum contracts Lump sum contracts, also called fixed price contracts, establish a fixed price for all of the materials and labor required to complete a job. This is the most basic and common type of construction contract. Lump sum...
By having the customer pay for expenses, contractors can share some of the risk that comes with a long-running or over-budget project. Cost-plus contracts are common in construction and other industries where raw material costs can be unexpectedly high. ...
Construction contracts lay out the rights and responsibilities of the contractor and the project owner. There are a variety of construction contracts, and depending on the type, one party may benefit from a specific type of contract more than the other party. Each contract carries with it advanta...
百度试题 题目中国大学MOOC: With regards to prices and costs, the types of construction contracts do not include .相关知识点: 试题来源: 解析 Turnkey Contracts
Construction companies have to do some heavy lifting, and that’s not just the steel and concrete they use to erect buildings, bridges and other structures. Many different types of materials and labor go into their work which requires their contracts to have construction specifications. ...