What is NOT considered a type of contract?

A monthly payment agreement generally outlines how payments are structured over a duration of time, often related to financing or service fees. While it can involve contractual elements, it is not categorized specifically as a type of construction contract in the same way that unit price, cost plus, and lump sum contracts are.

Unit price contracts specify payment based on the quantity of work completed, while cost plus contracts allow for the reimbursement of costs plus an additional fee. Lump sum contracts provide a total price for the project, regardless of the actual costs incurred. These types of contracts are specific to construction and landscaping work, focusing on the scope of work and payment methods based on that scope. In contrast, a monthly payment agreement can apply to various payment scenarios and does not inherently define the relationship between a contractor and client concerning specific landscaping or construction projects.