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Hudson's Building and Engineering Contracts 14th Edition PDF  Form

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welcome to the world of building and construction contracts it's a Labyrinth of legal jargon and fine print but fear not we're here to simplify it for you first up is the fixed price contract where the total price is determined at the outset it's a safe bet for those who like predictability then there's the Cost Plus contract where the contractor gets reimbursed for actual costs plus a percentage for profit it offers flexibility but beware of budget overruns next is the time material contract ideal for projects where the scope isn't clearly defined here the client pays for the time and materials used with a clear breakdown of costs lastly we have the unit pricing contract where specific tasks are build ing to unit rates it's a common choice for public infrastructure projects remember every contract has its pros and cons Choose Wisely and don't forget to read the fine print

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