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305chap4 - Construction Contracts Chapter 4 180:305...

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Construction Contracts Chapter 4 180:305
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Organization of Construction Projects Many ways to organize projects Traditional Professional Construction Manager Design-Build contract
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Traditional Contractual Arrangement Separate Designer Single General Contractor Numerous Subcontractors Negotiated fee for design services Negotiated fee or low bid for contractor
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Competitively Bid Unit Price Lump Sum
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Unit Price Break project into identifiable components Quote a price for each component of work ASPHALT- $ PER CU/YD
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Unit Price Contract Flexibility in meeting variations in the amount and quantity of work encountered during construction. Contractor quotes prices by units rather then as a single total contract price
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Unit Price Contract Guide quantity in proposal –Economies of scale Can renegotiate if big variation from guide quantity Unbalanced bids Progress payment based on actual 0 of units placed Actual final contract price is not known
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