What is CONTRACT
The most broad and simple definition of contract is that " A contract is an agreement enforceable by a law".
Now as per Civil Engineering, a contract is an agreement between two or more firms/individuals based on which, one agrees to do some work for other under the given terms and conditions. Now this work mentioned above can be anything like construction or maintenance or repairs of any structures, supply of labour or materials, transportation of materials, storage of materials, etc.
Types of CONTRACT IN CIVIL ENGINEERING
By the term types of contract in Civil engineering , we mean to say different methods of payments which are used to reimburse contractors for the construction or other services they provide.
1. ITEM RATE CONTRACT
- This types of contract in Civil engineering is also known as Unit price contract or Schedule contract.
