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Construction Contracts

2 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

Fixed Bid Construction Contracts Project Management Cost Estimation Real Estate Development

A fixed bid is an estimated cost, based on plans and specifications, that also stands as the actual cost of the job, regardless of any fluctuations in the actual cost of materials and labor.

Read more about Fixed Bid.

January 1, 1 6 min read Definitions

Retainage Construction Contracts Contractor Payments Project Completion General Contractor Certificate of Occupancy

In a construction contract, retainage is money earned by a contractor but not paid until the completion of the construction or another agreed-upon date.

Read more about Retainage.