ARC contract, also known as the Architectural, Engineering, and Construction contract, is a type of procurement method used in the construction industry. It is commonly used in projects where the construction plans and designs have already been developed. In this method, the architect, engineer, and contractor work together throughout the entire project.
The ARC contract is a collaborative approach to construction projects, where the parties involved work together to achieve the best possible outcome. This approach eliminates the traditional adversarial relationship between the architects, engineers, and contractors, which often leads to conflicts, delays, and cost overruns.
With an ARC contract, the architect, engineer, and contractor are part of a single team, working towards a common goal. The team shares the risks and rewards of the project, and each member is accountable for their actions. This approach promotes better communication, cooperation, and coordination, leading to a more efficient and successful project.
One of the advantages of using an ARC contract is that the project is completed faster than traditional construction projects. This is because the design and construction phases overlap, and the project can begin before the design is fully completed. This approach allows for more flexibility and adaptability during the construction process, resulting in a faster completion time.
Another advantage of the ARC contract is that it is cost-effective. The team works together to find ways to reduce costs and minimize waste. This collaborative approach can result in significant cost savings, which can be passed on to the owner of the project.
In conclusion, the ARC contract is a collaborative approach to construction projects that involves the architect, engineer, and contractor working together as a team. It is a cost-effective and time-efficient method that promotes better communication, cooperation, and coordination. As a professional, it is important to understand the terminology used in the construction industry to ensure that articles and other content are optimized for search engines.