Tag: scope of work

Design and Build Contracts in Construction

Design and Build Contracts in Construction Everything You Need to Know Design and build contracts are one of the most common types of construction contracts used in the industry. They are a popular choice because they offer a single point of responsibility for both design and construction, which can help to streamline the process and …

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Lump Sum Contract VS FIDIC 99 Contract

Lump Sum Contract VS FIDIC 99 Contract Lump Sum Lump Sum Typically used with Design-Bid-Build method of project procurement. a. A lump sum contract, sometimes called stipulated sum, is the most basic form of agreement between a supplier of services and a customer. The supplier agrees to provide specified services for a specific price. The …

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