Which type of contract is negotiated directly between an owner and a construction firm?

The type of contract that is negotiated directly between an owner and a construction firm is indeed a negotiated contract. This type involves direct discussions and agreements on the terms of the contract, including the scope of work, pricing, and other important details, which allows for a more personalized approach to the needs of both parties.

In a negotiated contract, both the owner and the contractor communicate openly to reach a mutual agreement, often resulting in conditions that are beneficial for both sides. This process can enhance collaboration and trust, allowing adjustments based on specific project requirements and complexities.

In contrast, fixed-price, cost-plus, and unit-price contracts all have predetermined pricing structures that typically do not involve the same level of negotiation between the owner and contractor. These types of contracts are often more rigid in terms of scope and pricing mechanisms, making them less flexible for direct negotiation on an individual project basis.