There are four types of construction contractsCost Plus ContractsIn this type of contract, the employer agrees to pay the cost of work done plus a profit amount in terms of either a percentage or a fixed price.Lump Sum/Fixed Price ContractsHere, the employer and the contractor agree on a fixed amount for the whole project as a colelctive amount.Uni

The bidding process starts with listing a construction project for bidding- from there on subcontractors and businesses have their work cut out for them. Research and planning allow the company bidding to make sure that theyre up to the task and are able to provide all that is needed of them. This is followed by planning the actual bid. This is don

Keeping track of time during construction bidding is important because general contractors can get off track for a number of reasons. Turning to historical data is a great way to make sure that any bottleneck delays and expensive layoffs are avoided. As a bidder, keeping track of time will help you make sure that the conditions of the bid are met i

There are fout different project delivery methods: Construction Management at Risk (CMR), The Design Bid Build (DBB), Design-Build (DB), and Multi-Prime (MP). All come with their own pros and cons. If the designer is working directly with the owner, then CMR is a good option. The DBB comes with two contracts- owner to designer and owner to the cont