Jct lump sum contract:Contract Administration 101
Contract Administration 101
Practice Note – Deciding on the appropriate JCT contract
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Lump sum contracts – where the contract sum is determined before construction work is started. The contractor undertakes a defined amount of work in return for ...
Lump sum contract
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A lump sum contract (or stipulated sum contract) is the traditional means of procuring construction, and still the most common form of ...
TraditionalConventional
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With lump sum contracts, the contract sum is determined before construction work is started. Contracts 'with quantities' are priced on the basis of drawings and ...
Lump Sum Contracts
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Technically, the everyday JCT building contract document is also a lump-sum fixed price but it contains sophisticated variations machinery that deals with ...
Design and Build Contract (DB)
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The price and payment structure of the contract is based on a lump sum with interim stage or periodic payments. Provisions are included for collaborative ...
Managing Cost Variations and Change Orders in JCT Lump ...
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Explore strategies for effectively managing cost variations and change orders in JCT Lump Sum contracts. Gain practical insights into ...
Intermediate Building Contract (IC)
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The price and payment structure of the contract is based on a lump sum with monthly interim payments. ... Buy a contract through the JCT website, use JCT On ...
Difference between lump sum and measurement contracts
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Lump sum and measurement are both types construction contracts. Under a lump sum contract, a single 'lump sum' price is agreed before the ...