The Price Agreement Plan

Defining a pricing method is an essential part of the pre-construction phase of a project. As a general rule, contractors choose to use either a fixed-price contract or a dynamic-price contract. A fixed price contract in the construction sector is a pricing method that sets an overall price set for all construction-related activities carried out during the life of the project. Fixed-price contracts are sometimes referred to as fixed-price contracts and are generally considered favorable in the construction industry when there is a clear volume and a precise schedule for the project.

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