What is the name of CCDC 2?

CCDC 2 is known as the Stipulated Price Contract. This type of contract is characterized by a fixed total price for all work specified in the contract documents. It involves the contractor agreeing to complete the project for a predetermined sum, giving both the owner and the contractor clarity on the overall project cost. This type of contract is widely used in construction projects where the scope and specifications can be clearly defined prior to the start of work.

The reason CCDC 2 is specifically referred to as a stipulated price contract stems from its emphasis on establishing a firm cost that allows project owners to manage their budgets more effectively and provides contractors with a clear target to meet. This contract form often includes provisions for adjustments in the event of changes to the work, but the established price remains a central feature throughout the project's duration.

In contrast, other contract types have varying frameworks; for example, cost plus contracts allow flexibility based on actual incurred costs with an added fee, while unit price contracts involve pricing based on specific units of work performed, and construction management contracts focus on the management services rather than a fixed price for the entire project.