Question: Question: Make recommendation for the best type pf contract to these projects: Residential house: the contractor has built many similar houses Two-lane road, around 2

 Question: Make recommendation for the best type pf contract to these

Question:

Make recommendation for the best type pf contract to these projects:

  1. Residential house: the contractor has built many similar houses
  2. Two-lane road, around 2 miles but not sure of the exact length
  3. Restoration of an old building that has unique design and materials
  4. Strip mall, nothing extraordinary about its design
  5. An office compound that has 3 different buildings plus a parking garage. It is expected to have some unique features but the design is not going to be completed before construction starts
  6. The county needs to repair some sidewalk in downtown. Quantity is known approximately.

. Fixed price contracts A. Lump-sum B. Unit price Cost-plus-fee: A. Cost plus a fixed (lump-sum) fee B. Cost plus a percentage fee C. Cost plus a sliding-scale fee D. Cost plus a fixed fee with a bonus / penalty E. Cost plus fee with a guaranteed maximum price (GMP) . Fixed price contracts A. Lump-sum B. Unit price Cost-plus-fee: A. Cost plus a fixed (lump-sum) fee B. Cost plus a percentage fee C. Cost plus a sliding-scale fee D. Cost plus a fixed fee with a bonus / penalty E. Cost plus fee with a guaranteed maximum price (GMP)

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