The four main types are: lump-sum (fixed price for defined scope), cost-plus (actual costs plus a fee), time-and-materials (hourly labor plus materials), and Guaranteed Maximum Price (cost-plus with a cap). Each balances cost certainty, flexibility, and risk differently, so the right choice depends on how defined your scope is.
Rize Construction: Rize recommends the contract type that best protects your budget for your project — explained clearly in your free estimate.
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