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What are the main types of contractors?

20 Types of Contractors and Which One Is Best For Your Project General Contractor. Think of a general contractor as the manager for any building or renovation project. Carpenter. Electrician. Drywaller. Plastering. Painter. Wallpaper Installer. Heating and Air-Conditioning (HVAC)

What are the two types of contractors?

General Contractors vs. Subcontractors. A contractor can be a general contractor or a contractor with a specialty hired for a specific job within the construction industry.

What are the 4 types of contracts?

4 Types of Construction Contracts Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.

What is a package deal contract in construction?

A package deal refers to multiple trades or transactions that must all be executed together at the same time. For a package deal to work, all specifications of the trades in the package must be executed; otherwise, it does not trade.

What are the three types of construction contracts?

Three Common Construction Contracts FIXED PRICE. Fixed price construction contracts, also commonly referred to as lump sum or stipulated sum contracts, are the most common types of construction contracts. COST PLUS. GUARANTEED MAXIMUM PRICE.

What are the main types of construction contracts?

The eight types of construction contracts include: cost-plus construction contract. design and build contract. guaranteed maximum price contract. incentive construction contract. integrated project delivery contract. lump-sum contract. time and materials contract. unit price contract.

What is 3P contractor?

3P Contractors mean individuals under an Integrators direct supervision and control. 3P Contractors are engaged to perform services under a contract that includes appropriate non-disclosure and other promises sufficient to satisfy that Integrators obligations under the Sublicense.

What are the three main contract types used in construction?

Three Common Construction Contracts FIXED PRICE. Fixed price construction contracts, also commonly referred to as lump sum or stipulated sum contracts, are the most common types of construction contracts. COST PLUS. GUARANTEED MAXIMUM PRICE.

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