Cassidy offers several different options for contract types. The following defines each type.
CONSTRUCTION PROJECT MANAGEMENT
Construction Project Management contract is a professional service that uses specialized, project management techniques to oversee the planning, design, and construction of a project, from conception to completion. The purpose of construction Project Management is to control a project's time, cost and quality.
STIPULATED PRICE
Stipulated Price contract is a standard prime contract between Owner and prime Contractor that establishes a single, pre-determined fixed price, or lump sum, regardless of the Contractor's actual costs.
GUARANTEED MAXIMUM PRICE
A guaranteed maximum price contract is a cost-type contract (also known as an open-book contract) where the contractor is compensated for actual costs incurred plus a fixed fee subject to a ceiling price. The contractor is responsible for cost overruns, unless the GMP has been increased via formal change order.
DESIGN - BUILD
Design–build contract is a method to deliver a project in which the design and construction services are contracted by a single entity known as the design–builder or design–build contractor.