Highlight where the following contracts are commonly used: - Cost reimbursement - Target cost contract - Continuity contract - Term contract - Design and build contract.

- Cost reimbursement contracts are commonly used in construction projects where the final cost of the project is not known at the outset, and the contractor is reimbursed for all allowable costs incurred, plus a fee.
- Target cost contracts are commonly used in construction projects where the contractor is incentivized to meet a target cost, with any cost savings or overruns shared between the owner and contractor.
- Continuity contracts are commonly used in industries such as utilities or telecommunications, where ongoing services are required and a long-term relationship between the parties is desired.
- Term contracts are commonly used in construction projects where the contractor is hired for a specific period of time, often for ongoing maintenance or repair work.
- Design and build contracts are commonly used in construction projects where the contractor is responsible for both the design and construction of the project, providing a single point of contact for the owner.

Cost reimbursement contract: Commonly used in projects with high technical uncertainty or where the scope is not well defined.

Target cost contract: Commonly used in projects with a clearly defined scope and where there is a desire to share risk between the client and contractor.

Continuity contract: Commonly used in projects where there is a need for ongoing services over a period of time.

Term contract: Commonly used in projects where there is a need for services or supplies for a fixed period of time.

Design and build contract: Commonly used in projects where the client wants to transfer the design and construction risk to a single contractor.