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fixed price contract

Types of Construction contracts

What is the difference between Fixed Price Contracts and Cost plus Contracts?

Construction contracts are the contracts negotiated and entered into by and between the developer(s) and the construction contractor(s) for construction of a particular project or set of projects. These contracts are mainly of two types-Fixed Price contracts and Cost plus contracts. Fixed Price Contracts Under this type of contract, the construction cost of the entire […]

CommonFloor Editorial Team

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