Contracting
Owners contract builders when they need to execute a specialized job they cannot perform on their own. They may also contract contractors when the scale of the project is too large for them alone. Based on its extensive experience over more than 25 years, Nile is always the ideal choice to be the implementing contracting company due to its previous practical experience in hundreds of projects, which qualifies it to contract to implement projects for itself and for the benefit of others.
Types of Construction Contracts
Contracting is the activity of constructing a building through a binding legal agreement based on agreed upon legal policies and conditions. Therefore, the construction contract is an important document that defines the scope of work, risks, duration, duties, deliverables, and legal rights of all contracting parties. Because construction projects take many forms, different projects require contracts with different characteristics. Therefore, the company contracts using several systems recognized in contracting projects, which are:
01
Lump-Sum Contracts
A lump-sum contract names a total determined price for the entire job. This price accounts for all time and materials regardless of changes or issues. It's ideal for projects with a defined timeline and scope of work.
02
Design-Build Contract
In most cases, project owners receive completed designs during the construction bidding process. However, in a design-build contract, the design and construction are done simultaneously and handled with one contract, as opposed to traditional construction contracting methods.
03
Cost-Plus Contracts
A cost plus contract is normally requires the owner to pay for all project expenses, like the cost of materials, labor and any other projects costs along with an additional fee or percentage for profit.
04
Unit Price Contracts
Unit price contracts set a fixed price for a distinct, repeatable aspect of a project, which is defined as a “unit.”
Nile Services
Various options
We are all different than each other; having different needs and dreams, and in the contracting world you need to be picky about the quality of contractor and the type of contract; and here where you can find such a mentality.
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