Table No.6.7.1 Types of Contracts and their Cost & Risk
Sl. Type of Contract Price fixed based on Executed by Material Supply by Client Managed by Cost Risks of delivery as per plan
1 Fixed price (Lumpsum)   contract Specific fixed   parameters D&B Contractor Critical Supplies GM & Project Team Highest Lowest
2 Design and Build   Contract Design by the   Contractor D&B Contractor Critical Supplies PMO / Project Team
Inverted Triangle
Triangle
3 Re-measurable build-only   contracts Client's Design General Contractor   (GC) Critical Supplies PMO / Project Team
4 Re-measurable build-only   contracts Client's Design GC & NSC for   select packages Critical Supplies PMO / Project Team
5 Re-measurable build only   contracts Client's Design Multiple Contractors Critical Supplies PMO / PMC or CM
6 Re-measurable build-only   contracts Client's Design Multiple Contractors Critical Supplies Client Organisation
7 Labour contracts Client's Design Piece-Rate Work (PRW)   Contractors All Supplies Client Organisation
8 Departmental works Client's Design Labour Supply (Hire)   Contractors All Supplies Client Organisation Lowest Highest