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Common Types of Construction Accidents

Common Types of Construction Accidents

There are five basic types of construction contracts that are commonly used when a building project is begun. They are Lump-Sum or Fixed-Price Contracts, Time and Materials Contracts, Unit Pricing Contracts, Cost-Plus Contracts, Guaranteed Maximum Price Contracts. Each type of contract offers various avenues of payment and funding for builders, architects, subcontractors, suppliers, etc.

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