Ccdc 31 PDF Form
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People also ask
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What are the pros and cons of cost-plus fixed fee contract?
Cost-plus fixed-fee contracts allow for a contractor to be reimbursed for actual costs, plus get a set amount as a fee for the job. A few disadvantages of this contract type are: More oversight necessary by the client. Possible continuing negotiations for fee changes if the project becomes complex.
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What are CCDC documents?
CCDC documents are regarded as industry standards. They are based on the principles of fairness and balance for all parties involved in a construction project. To download documents for use you will need to purchase a registration number from a CCDC document outlet. CCA does not sell or issue registration numbers.
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What is CCDC 31?
CCDC 31 is the product of a consensus-building process aimed at balancing the interests of all parties on the construction project. It reflects recommended industry practices. CCDC 31 was prepared for use in a wide range of consulting assignments.
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What are the four basic types of construction contracts?
There are five common types of construction contracts: lump sum (or fixed price), time and materials (T&M), unit price, guaranteed maximum price (GMP), and cost-plus.
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What is the meaning of CCDC?
What is CCDC? Founded in 1974, the Canadian Construction Documents Committee (CCDC), is a national joint committee responsible for the development, production and review of standard Canadian construction contracts, forms and guides.
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What is a CCDC 17 contract?
CCDC 17 – 2010 Stipulated Price Contract for Trade Contractors on Construction Management Projects is a standard contract form between Owner and Trade Contractor to perform the Work for a single, pre-determined fixed price, regardless of the Trade Contractor's actual costs.
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What is a CCDC 3 contract?
CCDC-3 - Cost Plus Contract This contract is tailored for projects executed on an actual-cost basis. This contract allows the contractor to perform the required work on an actual-cost basis, plus a percentage or fixed fee applied to actual costs.
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What is a CCDC contract?
Overview of CCDC-2 Contract The CCDC-2 contract is a standard contract document developed by the Canadian Construction Documents Committee. It is a stipulated price contract, meaning that the agreed-upon price is fixed and cannot be changed except in specific, defined circumstances.
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