Which CCDC contract type is most commonly used? A) CCDC 1 - Contract for Construction Management B) CCDC 2 - Stipulated Price Contract C) CCDC 3 - Cost Plus Contract D) CCDC 4 - Un... Which CCDC contract type is most commonly used? A) CCDC 1 - Contract for Construction Management B) CCDC 2 - Stipulated Price Contract C) CCDC 3 - Cost Plus Contract D) CCDC 4 - Unit Price Contract
Understand the Problem
The question is asking which type of contract under the Canadian Construction Documents Committee (CCDC) is the most commonly used, presenting four options to choose from. This requires knowledge of construction contracts to answer.
Answer
CCDC 2 - Stipulated Price Contract
The final answer is CCDC 2 - Stipulated Price Contract.
Answer for screen readers
The final answer is CCDC 2 - Stipulated Price Contract.
More Information
CCDC 2 is the most commonly used because it provides a fixed price and fixed schedule, offering cost certainty for both owners and contractors in construction projects.
Tips
A common mistake is confusing the most common contract type with the most suitable one for a specific project type. It's important to consider the nature of the construction project.
Sources
- CCDC Construction Contracts 101 - KSW Lawyers - kswlawyers.ca
- Selecting the Appropriate Contract Structure - Procurement Office - procurementoffice.com
- CCDC Documents Descriptions | PDF | Surety Bond - Scribd - scribd.com
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