Home Fee Cost Plus Contract With Contractor In Travis
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The general contractor is responsible for delivering a fully functional and operational facility or plant. This means that the investor can focus on their core business activities while the EPC contractor handles all aspects of the project, from design to commissioning.
If your project has a well-defined scope of work, a lump sum contract is a straightforward solution since contractors should be able to accurately estimate costs. If the project scope is unclear, contractors can bid with time and materials contracts to mitigate risk.
10 Different Types of Contracts Type of ContractEveryday Use Implied Contracts Common in everyday transactions like dining out. Express Contracts Standard in formal business agreements. Simple Contracts Used for straightforward services or transactions. Unconscionable Contracts Often challenged in court for fairness.10 more rows •
