Contracts

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Title: Contracts

Essay Details:

Subject: Business

Author: Joseph H

Date: August 16, 2013

Level:

Grade: A

Length: 4 / 1122

Essay text:

Failure to complete the project with stipulated time may result in liquidated damages charged against the contractor. The contract will state how payments are to be made to the contractor. General, payments are made on a monthly basis. However, on small projects the payment for the entire project may occur after the project is completed. On other projects the contractor may be given an agreed sum before construction begins, with the understanding that the final payment will be made after project completion. There are three types of construction contracts are the unit price contract, the cost plus contract, and the lump sum contract...

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