👉Types of Construction Contract

1. Lump Sum Contract

Fixed total price for the whole project
Best for projects with clear scope and drawings

2. Unit Price Contract

Payment is based on quantity of work completed
Common in road and infrastructure projects

3. Cost Plus Contract

Owner pays actual cost + contractor’s fee
Suitable for complex or changing projects

4. Time and Material Contract

Payment depends on labor time and materials used
Used for repair, maintenance, or emergency work

5. Design-Bid-Build (DBB)

Design and construction are separate contracts
Traditional and widely used method

6. Design-Build (DB)

One contractor handles both design and construction
Faster project completion and better coordination

7. Design-Build-Operate (DBO)

Contractor designs, builds, and operates the facility
Common in industrial and utility projects

8. Construction Management Contract

Construction manager supervises the entire project
Improves planning, quality, and cost control

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