What distinguishes CCDC 3 from other contracts?

The distinguishing feature of CCDC 3, which is the Construction Management Contract, is that it is based on actual costs plus a fee. This means that the construction manager is reimbursed for the actual costs incurred during the project along with an additional fee for their services. This structure allows for a more flexible approach to project management and can be particularly beneficial in projects where the scope may not be fully defined at the outset, allowing adjustments as the project progresses.

This approach contrasts with fixed-price contracts, which specify a set price for the entire project regardless of the actual costs incurred. It also differs from agreements that require unit pricing, where payments are made based on the number of units of work performed. CCDC 3 is tailored specifically for construction management, emphasizing collaboration and responsiveness during the construction process, which is key to meeting objectives in complex projects.