Pitigliano
2022-01-14 09:50:24
- #1
The consumer construction contract with a solid house general contractor is currently being prepared. It concerns the pure turnkey construction of a single-family house.
Topic wording lump sum/fixed price: In the contract, a "lump sum" is specified for the services to be provided by the contractor (AN). Question: Should "lump sum" be better renamed to "fixed price"?
Topic fixed price guarantee: The contract states that "if the period between contract signing and the start of construction is more than 7 months, without this being the responsibility of the contractor,(...) the cost increases incurred by him shall be adjusted." Question: Should/must the cost adjustment be contractually regulated in advance? For example, that after the 7-month price guarantee a moderate cost adjustment is permitted, but at most 0.5% of the contract sum per additional month.
How were/are your contracts designed in this regard?
Topic wording lump sum/fixed price: In the contract, a "lump sum" is specified for the services to be provided by the contractor (AN). Question: Should "lump sum" be better renamed to "fixed price"?
Topic fixed price guarantee: The contract states that "if the period between contract signing and the start of construction is more than 7 months, without this being the responsibility of the contractor,(...) the cost increases incurred by him shall be adjusted." Question: Should/must the cost adjustment be contractually regulated in advance? For example, that after the 7-month price guarantee a moderate cost adjustment is permitted, but at most 0.5% of the contract sum per additional month.
How were/are your contracts designed in this regard?