Ch. 4 Construction Contracts

Ch. 4 Construction Contracts - CHAPTER4 CONSTRUCTION...

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CONSTRUCTION  CONTRACTS CHAPTER - 4
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WEB-BASED CONTRACTS The need – There is a tremendous need for  web-based contracting The Technology – Network based  contracting
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CONTRACT ENVIRONMENT What is a Contract
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PROCESS of PURCHASING  Purchasing a lawn mower or a set of living  room furniture vs. construction Single family homes on a speculative basis Tunnels, bridges and large construction  projects procurements Design-build contracts and Construction  Management contracts
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MAJOR CONSTRUCTION  Competitively bid contracts o Lump sum or stipulated sum contract o Unit price contract Negotiated contracts or Cost Plus contracts
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COMPETITIVELY BID CONTRACTS Factors that affect whether a KTR can be  considered responsible Two advantages using competitively bid  contracts Two disadvantages using competitively bid  contracts
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LUMP-SUM Lump-sum includes, direct and indirect costs 
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Ch. 4 Construction Contracts - CHAPTER4 CONSTRUCTION...

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