Advanced Construction Contracts – Fixed Price Redetermination, Cost Sharing, and Incentive Contracts

Explore the critical differences between a Letter of Intent (LOI), Letter of Acceptance (LOA), and Contract Agreement in procurement. Learn how each document plays a…

This article explores three advanced construction contract types—Cost Plus, Negotiated, and Build-Operate-Transfer (BOT)—highlighting their unique advantages, risks, and use cases. It provides insight into budgeting…

Explore the essential differences between Cost-Plus and Lump-Sum Turnkey contracts in construction. Learn about their unique benefits, challenges, and how they impact budgeting, project management,…

Learn the fundamentals of lump-sum and reimbursable design-build contracts, their benefits, challenges, and the impact of price adjustment clauses. This guide helps you navigate construction…