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commercial construction services

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GeneralConstruction Contractors'Contracts Explained:5MajorTypes

LumpSumorFixed PriceContract

Scope of work and total costs are agreed before the project starts

RAVGC assumes the risk of cost overruns and delays

Suitable for well-defined projects with minimal expected changes.

CostPlusRate Agreement

RAVGC will invoice the customer for the actual project cost and the agreed rate.

Cost breakdown transparency and open accounting

Ideal for projects with uncertain or evolving scope that require flexibility.

RAVGC charges customers based on time and materials

Suitable for projects with an unpredictable range or where flexibility is important

Detailed records of labour, material and equipment costs are provided

RAVGC offers a fixed price per unit of work, such as per square foot or per installed unit.

Useful for repetitive tasks and projects with well-defined units of measure.

Accurate estimating and measuring are critical to a successful deployment

Your Partner for Successful Construction Contracts: RAVGC General Construction knowledge of multiple contract types to accommodate various project requirements

To discuss your project and find the best contract for your building needs, get in touch with us right away!

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