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Which contract type(s) a.) gives the most peace of mind to the owner that the project will be completed within budget? b.) give(s) the least
Which contract type(s) a.) gives the most "peace of mind to the owner that the project will be completed within budget? b.) give(s) the least "peace of mind to the owner that the project will be completed within budget? c.) bears risk for the contractor, but one that the contractor is willing to accept if the project scope is well-defined, the design documents are complete at the time of contracting, and change orders are allowed? d.) is (are) typically used for renovation projects? e.) is typically used when work quantities are uncertain? Please explain your reasoning in 1 sentence for each. (10 points) Which contract type(s) a.) gives the most "peace of mind to the owner that the project will be completed within budget? b.) give(s) the least "peace of mind to the owner that the project will be completed within budget? c.) bears risk for the contractor, but one that the contractor is willing to accept if the project scope is well-defined, the design documents are complete at the time of contracting, and change orders are allowed? d.) is (are) typically used for renovation projects? e.) is typically used when work quantities are uncertain? Please explain your reasoning in 1 sentence for each. (10 points)
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