Florida Contract Administration - The Risk Allocation Blueprint

*Welcome to Lesson 2 of the Florida Contract Administration Success System!** In this video, we dive into **Topic 1: Contract Fundamentals**. Contracts are the single most important part of your exam, making up about 39% of the questions, making this a must-watch for aspiring contractors.

We break down the **four most common construction pricing models** found in Chapter 8 of the Florida Contractors Manual:
* **Lump Sum (Fixed Price)**
* **Cost-Plus**
* **Guaranteed Maximum Price (GMP)**
* **Unit Price**

Learn how to strategically select the right contract type based on your project's scope, how to manage cost overruns, and how risk is shared between the contractor and the owner.

Understanding these types is the first step in protecting your business and setting clear expectations.

Next up, we will dive into the ultimate project rulebook: the AIA A201 General Conditions.

Видео Florida Contract Administration - The Risk Allocation Blueprint канала Lead Licensing Academy