What is the Contract??Type of Construction Contracts | Lump Sum Contract / Item Rate Contract

Описание: 📑 What is a Contract? | Types of Construction Contracts Explained

Before starting any construction or EPC project, everything begins with one critical document — The Contract.

In this video, you will clearly understand:

✔ What is a Contract in construction industry?
✔ Why contracts are the backbone of every project
✔ Lump Sum Contract – when and why it is used
✔ Item Rate Contract – how payment is measured
✔ Risk allocation between Client & Contractor
✔ Which contract type is better in real project scenarios

Whether you are a Planning Engineer, Site Engineer, QS, or Project Manager, understanding contract types is essential for:

• Cost control
• Progress measurement
• Claims & variations
• Delay analysis & EOT

If you want to grow in Project Controls, you must understand contracts — not just schedules.

Comment “CONTRACT” if you want more practical industry-based videos like this 🚀
OR
Whatsapp +9234172123439

Complete Primavera p6 Training for Oil and Gas Project in 2 Hours | P6 Free Course in English
   • Free Primavera p6 Training for Oil and Gas...  

Oil and Gas Industry Overview | From Exploration to Production | Field Management with Primavera p6
   • Oil and Gas Industry Overview | From Explo...  

Learn Plant Shutdown Management using Primavera p6 | Free Course in English
   • Learn Plant Shutdown Management using Prim...  

MEP project full video tutorial
   • Primavera p6 Free Course for Pipeline Cons...