Choosing the Contractor - rate contracts - Printable Version

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Choosing the Contractor - rate contracts - sunil zende - 10-14-2014

There are two types of rate contracts for construction:
A turnkey rate contract, which includes cost of construction, labour and cost of building materials.
Labour contract rate, which excludes cost of materials.
 
In practice, people who are able to devote time to the construction process opt for option 2. If, however, option 1 is chosen, please ensure that both the quality and quantity of materials to be used is discussed beforehand.

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