Construction only contract (Lump Sum) 1. The owner contracts with the architect separately from the contractor. 2. The owner contracts the architect for design; uses the design for bidding; based on the accepted bid, contracts the contractor for construction Construction only Contract (Cost Plus Fee) The contractor is reimbursed for the cost of labor and materials, plus a fee for overhead & profit. Construction Management (CM at risk) The construction manager takes on the risk of a project and the architect is hired under a separate contract. The construction manager can sometimes act as the general contractor Design build contract (Single Source) The owner contracts with a single entity for both design and construction Turn-key contract (Build-to-suit) The owner contracts with a single entity to complete a project at a price that is fixed at the time the contract is signed or a long term lease agreement