1. The document compares different types of construction contracts and provides examples of suitable project types for each contract.
2. Lump sum contracts are suitable for fast food chains and public schools due to standardized designs. Unit cost contracts are suitable for road construction and retaining walls that may change in length.
3. Cost-plus contracts are suitable for residential buildings and office renovations where clients may request changes. Target cost contracts ensure modular houses and convenience stores are delivered at a fixed price.
1. The document compares different types of construction contracts and provides examples of suitable project types for each contract.
2. Lump sum contracts are suitable for fast food chains and public schools due to standardized designs. Unit cost contracts are suitable for road construction and retaining walls that may change in length.
3. Cost-plus contracts are suitable for residential buildings and office renovations where clients may request changes. Target cost contracts ensure modular houses and convenience stores are delivered at a fixed price.
1. The document compares different types of construction contracts and provides examples of suitable project types for each contract.
2. Lump sum contracts are suitable for fast food chains and public schools due to standardized designs. Unit cost contracts are suitable for road construction and retaining walls that may change in length.
3. Cost-plus contracts are suitable for residential buildings and office renovations where clients may request changes. Target cost contracts ensure modular houses and convenience stores are delivered at a fixed price.
Name: ZABALA, Nicole P. C/Y/S: BS Architecture 4-1
Type of EXAMPLE A EXAMPLE B
Construction Suitable to what Building and Suitable to what Building and Supporting image of an actual project Contract Construction Type? Why? Construction Type? Why? 1. Lump Sum Fast-food chains. Public school buildings. Fast-food chains are usually of the Public school buildings are same designs, hence, would government-owned with a produce a single fixed price. These specified development budget. projects’ finish date is already pre- These buildings are often based determined and based on the on the opening of classes and the opening of the business. user capacity, which is why the Additionally, the designs, materials, modification is limited. and other features are repeated and are often not available for Mcdonald’s has a very similar design modifications. Source: Pinterest/The Daily Meal 2. Unit Cost Road construction. Riverside retaining wall. Road constructions may be started Riverside retaining walls, similar without determining the final project to road construction, are prone to cost. Road dimensions and other changes in length and coverage. features may be changed which is Contractors may use unit-based why commonly, road construction pricing to start the project. The projects use unit cost contracts that units must have a fixed price are quantified through units of fixed aligned to different factors such as price. length, height, thickness, and coverage. Riverside retaining wall construction Source: YouTube 3. Cost-plus Residential building. High-end office renovation. Owners may tend to use a cost-plus High-end projects are usually contract in their houses as they offered by rich clients without come into changes in the design. worries about the project cost. These contracts are usually done Office renovation and designs with middle to high-end clients that may be changed based on what are fickle-minded and therefore the client wants. prone to changes and higher construction costs.
Home to Marlon Brando, a fickle client, at Hollywood Hills
Source: Architectural Digest 4. By Shophouses. Small office. Administration Local business projects such as Small offices, similar to local salons and barbershops are usually businesses, are also often located done near a client’s home. These near the client’s home. It is projects are usually provided with therefore provided with water and power consumption necessities for construction such through direct connections. as water and power.
A shophouse house, a local business shop below a residential space
Source: Boston Magazine 5. Target Cost or Modular houses. Convenience stores. GMP Modular houses, like those offered Convenience stores, like Ministop by Cubo Modular, are houses that and 7/11, also usually come at a come at a fixed price. The price is fixed price. This is because of the already based on the actual cost of repetitive design, features, and the materials and construction. materials used. Moreover, in cases where there is an exceedance in the project cost, the contractor should cover it as the project is already pre- determined and provided. 2022 Bulacan Starter Modular House at Php 14,250.00 monthly Source: Cubo Modular 6. Time and Room renovation. Kitchen expansion. Materials Room renovations are usually done Kitchen expansions are similar to in a short time and do not require renovations. These projects are that big of a budget. This is what I done with the owner fully paying am most familiar with because we the construction materials and have used it in our home. The labor and without a fixed price. clients should pay for the actual With kitchens being a regularly costs of the materials. Moreover, used area or room in a home, the the contractors and workers are project should be finished early subjected to paying any damage to and the workers are subjected to the materials and project deadlines. paying when not.
Renovation of an old-fashioned living room
Source: European Property 7. Turn-Key or EPC Housing development projects Condominium units. (Camella, Alveo Land, Suntrust, Condominium units, similar to etc.) house and lot units, are usually House and lot projects when done just handed over with complete may be turned or sold to the buyer. amenities to the buyer. This allows These projects are ready for use the client to use the structure or and fully equipped with the space right away after being sold. necessary materials and facilities.
Bella Model, a model offered by Camella Homes at Bulacan