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What is South Africa Construction Contract Types about?

This document discusses several types of construction contracts: - Lump sum contracts specify a fixed price for the entire project scope. They are preferred when the project scope and schedule are clearly defined. - Cost plus contracts reimburse the contractor for all costs plus an additional fee, which may be fixed or a percentage of costs. They are used when the project scope is uncertain. - Unit price contracts set rates for individual work items. The final price depends on actual quantities of work.

Author

Ahmed Mubarak Abro

Language

EN