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Essential Elements of a Design-Build Contract Template Contact Information. ... Scope of Work. ... Project Schedule. ... Costs & Payment Terms. ... Expected Tasks and Obligations. ... Insurance. ... Changes.
The crucial point is that in a Build-only contract, the owner remains in control of the project's design. The owner will engage design consultants to design the project in detail. Then appoint a builder to construct that design.
In its simplest terms, the design-build construction delivery method replaces the traditional method of awarding separate contracts for design and construction. The contractor, designers, subcontractors, and owner work together as one team to build a project that meets or exceeds the owner's expectations.
Design and Build procurement works on the basis that the main contractor is responsible for undertaking both the design and construction work on a project, for an agreed lump-sum price.
Here are four main construction contracts to choose from, plus their pros and cons: Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.