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Which contractual arrangements are suitable for the following procurement methods?

Which contractual arrangements are suitable for the following procurement methods? procurement methods: 1. Traditional design bid build 2. design-build method 3. package deal 4. management orientated contractual arrangements: 1. Lump Sum Contract 2. Measurement Contract 3. Cost Reimbursable Contract 4. Target Cost Contract 5. Guaranteed Maximum Price

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May 3, 2020

Generally speaking, you might not want to enter a lump sum contract on a design-build job because if you're responsible for designing the project yourself, you could be held responsible for any cost overruns if your design needs to change later on. Beyond that, it really depends on the nature of the job and who the owner is. Give me a call if you'd like to discuss further.

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