CE 460 Chapter 6

CE 460 Chapter 6 - CE 460 Lecture Notes Chapter 6...

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    CE 460 Lecture Notes Chapter 6 Construction Contracts
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    Types –  Incentive and Competition Based Competitive Bidding  (Public Works) Fixed Price Lump Sum Unit Price The contractor agrees  to perform the work for  a fixed sum of money  per unit of work.  The  total cost for the owner  will vary in accordance  with the number of units Negotiated Unit Price Lump Sum The Contractor agrees  to perform the work for  a fixed sum of money  (profit included) Cost Plus Fee GMAX The contractor agrees  to perform the work for  a pre-established  maximum sum
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    Contract Requirements Letter of Intent Used when the owner may want the contractor to  start construction operations before the formalities  associated with the signing of the contract can be  completed Contract Documents The basic purpose of a written contract is to define 
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This note was uploaded on 04/21/2009 for the course CE 460 taught by Professor Koffman during the Spring '08 term at USC.

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CE 460 Chapter 6 - CE 460 Lecture Notes Chapter 6...

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