Lump Sum Contract – An agreement that has the price before the building begins. This is likewise referred to as a Fixed Price Contract. It offers the least threat for the proprietor, as well as the most for the contractor.
« Back to Glossary IndexLump Sum Contract – An agreement that has the price before the building begins. This is likewise referred to as a Fixed Price Contract. It offers the least threat for the proprietor, as well as the most for the contractor.
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