Types of Construction Management Contracts (continued)
In our previous blog post we disclosed two common types of construction contracts - Unit Pricing and Lump Sum or Fixed Price Contracts. In this post we focus on two other pricing construction management contracts - Time and Material and Cost Plus Contracts. For construction manager customers or buyers, it is invaluable to identify the types of builder contracts used and how that effects the overall final project pricing. Because of the importance and value of quick reference and disclosure for these types of construction management contracts, we’ve devoted these two blog posts to the topic.