Built Intelligence

Types of construction contract and tendering

Types of construction contract and tendering

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The aim of this course is to understand the different types of construction contracts and how they affect the tendering process.

After studying this course, you should be able to:
  1. Understand the difference between lump sum, cost plus and target cost contracts
  2. Explain single-stage and two-stage tendering, early contractor involvement and BIM
  3. Understand the difference between traditional and design & build contracts
  4. Explain how a tender for each of the various contracts is put together