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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.
Architects design the overall look of houses, buildings, and other structures. They must ensure that the final product is both attractive and functional. Organizational skills. Architects often manage contracts.
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?build contractor The "design?builder" is often a general contractor, but in many cases a project is led by a design professional (architect, engineer, architectural technologist or other professional designers). Some design?build firms employ professionals from both the design and construction sector.
Architects. The architect or architectural team is responsible for the design stage of the project. The architect will take an idea the owner has and if that idea is feasible, create a design around it. Different types of architects may specialize in different types of projects.
The documents produced by The American Institute of Architects () are the most widely used standard form contracts in the construction industry. They facilitate communications among all the parties involved in construction, which makes it easier to produce a high quality project in a timely and economical fashion.
The employer has control over any design elements of the project that are included in their requirements, but once the contract is let responsibility over design passes to the contractor, so the employer has no direct control over the contractor's detailed design.
In the traditional form of building contract, the principal will engage professional designers (ie architects and engineers) to carry out the design work specified in the building contract.
Lump sum contracts Lump sum contracts, also called fixed price contracts, establish a fixed price for all of the materials and labor required to complete a job. This is the most basic and common type of construction contract.