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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.
4 Types of Construction Contracts Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.
Fixed-Price Contracts. The pricing of this group of government contracts will not change. Time Materials Contracts. This one is quite straightforward. Cost-Reimbursement Contracts. Incentive Contracts. Indefinite Delivery Quantity Contracts.
5 Key Elements Every Construction Contract Should Contain 1) The projects scope. 2) The cost and payment terms. 3) The projects time frame. 4) Protection against lien law. 5) Dispute resolution clauses.
Do You Have to Pay a Deposit? Most contractors will request a downpayment to add you to their schedule and also to ensure the project continues to move forward after the contractor has purchased materials. Reputable contractors are happy to negotiate a downpayment, including the amount and payment terms.
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Fixed-Price Contracts. The pricing of this group of government contracts will not change. Time Materials Contracts. This one is quite straightforward. Cost-Reimbursement Contracts. Incentive Contracts. Indefinite Delivery Quantity Contracts.
The three most common contract types include: Fixed-price contracts. Cost-plus contracts. Time and materials contracts.
A smart contract is the code that powers your NFT. It tells the blockchain that your NFT exists, is yours, and what is consists of. Each time you create a Collection, you are creating a new smart contract.
4 Types of Construction Contracts Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.
Three most commonly used construction contracts Fixed price contract. The fixed price contract revolves around one lump sum, agreed between the project owner and the contractor. Cost plus fixed percentage contract. Time and materials contract. Final thoughts.

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