Lump-Sum Contract

#1

is a construction agreement in which the contractor or builder agrees to complete the project for a price predetermined by both parties for that construction project

Unit Price Contract

#2

is a type of contract based on estimated quantities of materials and their unit prices. In the price section, all the rates, such as hourly rates, rate per unit work volume, etc., are included

Unit Price Contract

#3

is a type of contract based on estimated quantities of materials and their unit prices. In the price section, all the rates, such as hourly rates, rate per unit work volume, etc., are included

Time & Materials Contract

#4

are used when the project is open-ended, or when an accurate estimate of the time and materials needed cannot be calculated