下载后可任意编辑 Types of Construction Contracts and Bonds1 Types of construction Contractsthere are many types of construction contracts and the owner generally makes the selection of contract type
The type of contract selected depends on the kind of work being performed and the conditions under which it is being performed
1 Lump sumLump sum contract are typically used for buildings
The quantities of the materials required can be calculated with sufficient accuracy during the bidding process to allow contractor to submit a single lump sum price for the work
The quantity of items such as drywall, door frames, bathroom sinks, electrical conduit and wiring, and roof tiles can be calculated accurately from the plans
When a clear definition of the quantities and quality of work required is provi