A little bit not aligned with construction contract types as follows: 1. Remeasurement (Agreed rates for scope x work executed) 2. Fixed Price Lumpsum (for a defined scope and usually fluctuation is fixed also in the agreement) 3. Cost Reimbursement (Resources + fee), either: 3.1 Fixed Fee 3.2 Percentage Fee 3.3 Fluctuation fee - two types: 3.3.1 Guaranteed Maximum Price (Profit shared by parties, loss alone by contractor) 3.3.2 Target Cost (Profit & Loss shared by parties)
Found these chapters very helpful for my CAPM exam from projectprep n especially their cheat sheets and other materials. Great job! Thanks a lot 😊
A little bit not aligned with construction contract types as follows:
1. Remeasurement (Agreed rates for scope x work executed)
2. Fixed Price Lumpsum (for a defined scope and usually fluctuation is fixed also in the agreement)
3. Cost Reimbursement (Resources + fee), either:
3.1 Fixed Fee
3.2 Percentage Fee
3.3 Fluctuation fee - two types:
3.3.1 Guaranteed Maximum Price (Profit shared by parties, loss alone by contractor)
3.3.2 Target Cost (Profit & Loss shared by parties)
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