Understanding Your Options when Entering Into a Construction Contract
Aaron S. Evenchik and Jeffery A. Yeager, Hahn Loeser & Parks LLP
Owners and contractors should be knowledgeable in the various contract forms and their associated risks. Among the most common construction forms are 1) lump sum, 2) cost plus a fee and 3) the hybrid, cost plus a fee with a guaranteed maximum price. Each allocates risk differently and has different benefits for the parties.

United Kingdom native Gareth Vaughan has lived in the States for more than 30 years, where he has built a prominent career in the construction industry. 