25 Types of Procurement Contracts

Procurement in construction is the process of purchasing goods or services to perform a construction project. Procuring a good or service is performed based on different strategies which are purely based on the type of construction organization. 

Read On: Construction Procurement | Procurement Management

Based on different routes through which a good or service is procured for a construction project, there are different types of procurement contracts. 

Types of Procurement Contracts in Construction

The various types of procurement contracts are:

Traditional Contracting: Lump-sum contracts, Re-measurable contracts, Cost reimbursement, or Cost Plus.

1. Admeasurement Contract
2. Construction Management
3. Contracts Led 
4. Design and Build
5. Design Build Finance and Operate 
6. Emerging Cost Contracts
7. Engineering Procurement and Construction Contract (EPC)/Turnkey Contract
8. Engineering Procurement and Construction Management Contract (EPCM)
9. Fast-Tract Construction
10. Furniture, Fixture, and Equipment (FF & E) Contract
11. Framework Contract
12. Guaranteed Maximum Price Contract
13. Lump Sum Contract
14. Management Contract
15. Measured Term Contracts
16. Measurement Contract
17. Partnering Contract
18. Prime Cost Contract
19. Prime Contract
20. Public Procurement
21. Schedule of Rates Term Contract
22. Self-Build Contract
23. Single-Stage Tender
24. Traditional Contract
25. Two-Stage Tender Contract

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