Our Contract
Information

Construction contract types are usually defined by the way, the disbursement is going to be
made and details other specific terms, like duration, quality, specifications, and several other
items. These major contract types can have many variations and can be customized to meet
the specific needs of the product or the project.

01

Lump Sum

  • Meaning the contractor is required to submit a total and global price instead of bidding on individual.
  • Low risk to the owner
  • 'Fixed' construction cost
  • Minimised change orders
  • Reduced owner supervision
  • Faster project completion
  • Widely accepted method
  • Straightforward bidding analysis
  • Maximised production
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02

Cost Plus

  • Involves payment of the actual costs, purchases or other expenses generated directly from the construction activity.
  • Fixed Percentage
  • Fully fixed fees
  • Fixed rate for all labor
  • Increase contractor efficiency
  • Projects can be fast-tracked
  • Shared cost savings
  • High cost efficiency
  • Low risk involved
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03

EPC Contract

  • It is an integrated project delivery method where contractor manages the entire project on your behalf.
  • Joint selection of subcontractors
  • Joint procurement of materials
  • Transparent cost management
  • Fixed management fee
  • Single point of responsibility
  • Full project oversight
  • Regular progress reporting
  • Risk shared between client and contractor
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/ 4 Steps

Contracts Management

The following four steps outline the key stages of construction contract management, including the essential factors that should be considered and included in every contract.

Choose Your Contract Types

Construction contract types are typically defined by their payment structure and include specific terms such as duration, quality standards, specifications, and other key provisions.

Step 1

Step 2

Successful Negotiations

Effective negotiation requires the right skills and experience to reach a fair agreement while meeting project goals. Proven strategies and methods help ensure a successful outcome for all parties involved.

Hire Subcontractors

Based on the project scope and established relationships, the project manager selects subcontractors that offer the best combination of cost efficiency, quality, and timely delivery.

Step 3

Step 4

Contract
Agreements

The contract agreement is executed between the project owner and the contractor or supplier delivering the work. It includes clearly defined clauses covering the scope, terms, and conditions of the project.

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