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2. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   A construction contract is a mutual or legally binding agreement between two parties based on policies and conditions recorded in document form. The two parties involved are one or more property owners and one or more contractors .

3. Cost-plus contract - Wikipedia

   en.wikipedia.org/wiki/Cost-plus_contract

   Cost-plus-incentive fee (CPIF) contracts have a larger fee awarded for contracts which meet or exceed certain performance goals, for example being on schedule and any cost savings. [1] Cost-plus-award fee (CPAF) contracts pay a fee based upon the contractor's product. An aircraft development contract, for example, may pay award fees if the ...

4. Cost-plus-incentive fee - Wikipedia

   en.wikipedia.org/wiki/Cost-plus-incentive_fee

   The Final Price of the contract is expressed as follows: Final Price = Actual Cost + Final Fee. Note that if Contractor Share = 1, the contract is a Fixed Price Contract; if Contractor Share = 0, the contract is a cost plus fixed fee (CPFF) contract. [4] For example, assume a CPIF with: Target Cost = 1,000; Target Fee = 100

5. Glossary of construction cost estimating - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_construction...

   A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...

6. Cost-plus pricing - Wikipedia

   en.wikipedia.org/wiki/Cost-plus_pricing

   Cost-based pricing is a way to induce a seller to accept a contract the costs of which represent a large fraction of the seller's revenues, or for which costs are uncertain at contract signing, as for example for research and development.

7. Engineering, procurement, and construction - Wikipedia

   en.wikipedia.org/wiki/Engineering,_procurement...

   Engineering, procurement, and construction (EPC) contracts (a type of turnkey contract) are a form of contract used to undertake construction works by the private sector on large-scale and complex infrastructure projects. [1]

8. Lump sum contract - Wikipedia

   en.wikipedia.org/wiki/Lump_sum_contract

   A Contractor under a lump sum agreement will be responsible for the proper job execution and will provide its own means and methods to complete the work. [6] With a lump sum contract or fixed-price contract, the contractor assesses the value of work as per the documents available, primarily the specifications and the drawings. At pre-tender ...

9. Bill of quantities - Wikipedia

   en.wikipedia.org/wiki/Bill_of_quantities

   A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized. It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding. The ...