What is a fixed-price contract in construction?

Answer Two pricing models are used In construction contracting. One is the time and materials (T&M) model and the other is the firm fixed price (FFP) model. As the American economy has changed, so has the... Read More »

Top Q&A For: What is a fixed-price contract in construction

A buyer signs a contract and phones to confirm that he's signed contract but before he sends it he receives a letter from the seller declining sale because he was offered a higher price. who's right?

How to Get a Construction Contract?

Getting a construction contract varies in difficulty. The size and scale of the project as well as the characteristics and number of other bidders all affect your chances of winning the contract. W... Read More »

California Construction Contract Law?

Under California law, contractors engaged in construction projects must be licensed. Construction contracts in the state are subject to laws, designed to ensure fair treatment for the contractor an... Read More »

403(b) Annuity Fixed Income Contract Rules?

A teacher's retirement plan provides benefits that are just not found with most other retirement plans. A pension plan serves as the basic retirement benefit funded by the employer. But you also ha... Read More »