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Payment arrangements, risks and project cost estimating

—–3.1 Methods of payment under different types of contract
———-(a) Rates only contracts
———-(b) Rates and prices for re-measurement contracts
———-(c) Lump sum contracts
———-(d) Cost reimbursement contracts
———-(e) Target contracts
———-(f) Payment under design, build and operate contracts
—–3.2 Other payment provisions
———-(a) Price variation provisions
———-(b) Payment terms
———-(c) Bonus payments
———-(d) ‘Ex-contractual’ payments
———-(e) Pre-payments
—–3.3 Contractual risks arising during construction
—–3.4 Producing an initial cost-estimate of a project
—–3.5 Estimating the cost of a project at design stage
—–3.6 Project cost control

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