Construction Contract Types: A Quick Guide

Lump Sum Contract:

  • Your Vision, Our Commitment: A basic yet powerful agreement ensuring a fixed price for specified services.
  • Risk Transferred: We take on the uncertainties, providing you with financial peace of mind.
  • Swift Execution: With a predetermined cost, you’re in control from start to finish.

Unit Price Contract:

  • Precision in Parts: We break down the work into manageable units, ensuring accurate pricing.
  • Tailored Flexibility: Ideal for subcontractors and detailed agreements, offering cost transparency.
  • Efficient for Specialized Projects: Perfect for maintenance and repair work with varying requirements.

Cost Plus Contract:

  • Embrace Uncertainty: Where the unknown meets quality construction.
  • Fair Play: We share the risk, ensuring your project’s success without compromising standards.
  • Your Vision, Your Cost: A transparent partnership, allowing you to envision the building you desire.

Incentive Contracts:

  • Performance Excellence: Motivating our team to exceed targets in budget, schedule, and quality.
  • Your Success, Our Goal: Tailored to your needs, whether fixed price or cost reimbursement.
  • Shared Triumphs: Incentivizing success means we’re invested in delivering excellence.

Guaranteed Maximum Price Contract:

  • Cost Control, Guaranteed: A cost-type contract ensuring quality within a fixed fee and a ceiling price.
  • Savings Back to You: Cost under-runs mean savings for you, not us.
  • Transparent and Fair: No surprises, just a commitment to delivering on time and within budget.

Design-Build Contract:

  • From Vision to Reality: A seamless process where we handle both design and construction.
  • Efficiency Unleashed: No more juggling between architects and builders – we’ve got it covered.
  • Singular Accountability: Your project, one source of responsibility.

Integrated Project Delivery Contract:

  • Collaboration Redefined: Bringing owners, designers, contractors, and stakeholders together from the get-go.
  • Transparency at Its Core: Shared risk, shared reward, and a holistic approach for project success.
  • Maximizing Efficiency: A collaborative journey ensuring efficiency in every stage of your project.

In the world of construction, success is built on the right contract. Contact us today, and let’s build your vision together!


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