A Review of Types of Construction Contract
Keywords:
Contract, Lump-sum Contract, Cost Plus Fixed Fee ContractAbstract
A large number of conflicts arise due to difference of opinion, since in the final analysis, each party has to protect its interest and financial gain. Development of dispute leads to the creation of claims and then to seeking of settlements either by direct discussion or arbitration or court action. Due to this construction project get delayed. A details study is conduct on different type of construction contract so that a formula is developed to avoid these affect in advance.
References
- Construction Engineering and Management, S.Seetharaman, 2012
- Estimation, Coasting and Valuation, Rangwala , 2012
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