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A construction contract agreement is a document that lays out the terms of a construction project. It is a legal document that defines the work being done, which all the parties involved must agree to.
The three most common contract types include:Fixed-price contracts.Cost-plus contracts.Time and materials contracts.
Types of contractsFixed-price contract.Cost-reimbursement contract.Cost-plus contract.Time and materials contract.Unit price contract.Bilateral contract.Unilateral contract.Implied contract.More items...?4 Sept 2020
Different Types of Contracts: Everything You Need to KnowLump Sum or Fixed Price Contract Type.Cost Plus Contracts.Time and Material Contracts When Scope is Not Clear.Unit Pricing Contracts.Bilateral Contract.Unilateral Contract.Implied Contracts.Express Contracts.More items...
Form of Agreement means the final contract embodying all contract documents, terms, conditions and obligations; Sample 1.