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What types of contracts are commonly used under Bank-financed projects?

April 26, 2017bank-financed Commonly contracts Projects types Used

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What types of contracts are commonly used under Bank-financed projects?

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The most common types of contracts under Bank financed projects are, Unit Price, Lump Sum or combinations thereof. In special cases, such as closely integrated manufacturing or works of special nature, the Bank may resort to Turnkey contracts under which, the design & engineering, supply, installation and construction of works will be procured under one single contract.