1. ABIC Contracts

Specifically designed for the Australian building industry, ABIC contracts are detailed yet homeowner-friendly. They are suitable for a range of building projects, including commercial, residential, and public works, and are particularly useful when an architect administers the contract. ABIC contracts include Major Works, Simple Works, Commercial Costs Plus, Early Works, and Basic Works, each tailored to different project scales and complexities.

2. Lump Sum Contract

A fixed-price contract for projects with well-defined scopes and schedules. It specifies a total project cost upfront.

3. Cost Plus Contract

The owner pays for actual costs plus a fee for overhead and profit. This contract type is flexible and adjusts according to the actual project costs.

4. Design-Construct-Build Contract

Involves separate contracts for the design and construction phases, traditionally used when designs are completed before construction bids are taken.

5. Integrated Project Delivery (IPD) Contract

A collaborative agreement that includes the owner, architect, and contractor, spreading the risk and rewards based on the project’s financial results. It aims to foster innovation and teamwork.

6. Construction Contracts

Including lump sum, time and materials, unit price, guaranteed maximum price, and cost-plus contracts. Each type is suitable for different project needs and risks, offering various advantages and disadvantages.

These contracts cater to different aspects of architectural and construction projects, from the initial design phase to the actual construction, and vary in terms of complexity, legal protection, and the specificity of terms and conditions.