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2. Lump sum contract - Wikipedia

   en.wikipedia.org/wiki/Lump_sum_contract

   A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance. [1] This type of contract requires a full and ...

3. How to Make a Freelance Contract in 8 Steps - AOL

   www.aol.com/freelance-contract-8-steps-125700356...

   1) Scope of work. Establishing a project scope within the contract is crucial to setting the work expectations during the project. ... Is there a minimum or a maximum number of hours that will be ...

4. Time and materials - Wikipedia

   en.wikipedia.org/wiki/Time_and_materials

   Time and materials (T&M) is a standard phrase in a contract for construction, product development, or any other piece of work in which the employer agrees to pay the contractor based upon the time spent by the contractor's employees and the subcontractors' employees to perform the work, and for materials used in the construction, plus the contractor's markup on the materials used, no matter ...

5. Work breakdown structure - Wikipedia

   en.wikipedia.org/wiki/Work_breakdown_structure

   The work breakdown structure provides a common framework for the natural development of the overall planning and control of a contract and is the basis for dividing work into definable increments from which the statement of work can be developed and technical, schedule, cost, and labor hour reporting can be established.

6. Statement of work - Wikipedia

   en.wikipedia.org/wiki/Statement_of_work

   A statement of work (SOW) is a document routinely employed in the field of project management. It is the narrative description of a project's work requirement. [1]: 426 It defines project-specific activities, deliverables and timelines for a vendor providing services to the client. The SOW typically also includes detailed requirements and ...

7. Contract management - Wikipedia

   en.wikipedia.org/wiki/Contract_management

   Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.

8. Schedule (project management) - Wikipedia

   en.wikipedia.org/wiki/Schedule_(project_management)

   The project schedule is a calendar that links the tasks to be done with the resources that will do them. It is the core of the project plan used to show the organization how the work will be done, commit people to the project, determine resource needs, and used as a kind of checklist to make sure that every task necessary is performed.

9. Fixed-price contract - Wikipedia

   en.wikipedia.org/wiki/Fixed-price_contract

   This contract type may be contrasted with a cost-plus contract, which is intended to cover the costs incurred by the contractor plus an additional amount for profit, and with time-and-materials contracts and labor-hour contracts. [1] Fixed-price contracts are one of the main options available when contracting for supplies to governments.