About this document
Measure Value Contracts Explained by Michael Davies is a document available to read on EtoBox.
The document discusses three types of contracts used in construction: Measure Value Contracts, Cost Reimbursement Contracts, and Term Contracts. Measure Value Contracts allow projects to start without complete designs, with costs subject to change, while Cost Reimbursement Contracts reimburse all contractor costs plus a fee, focusing on quality but lacking final cost certainty. Term Contracts are for minor works over a set time frame, with payments based on a predetermined schedule of rates and limited addi
- Author
- Michael Davies
- Language
- EN