Lum sum contract
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Also named "Fixed Fee Contract". Often used in engineering contracts. A Fixed Fee or Lump Sum Contract is suitable if the scope and schedule of the project are ...
Feb 18, 2011 - The latest in a series of dos and don'ts on major projects highlights the provisions in a lump sum contract that mean the price offered by the ...
favorable for lump sum. This has been proven in an examination of contract performance over the last century. But … and there are a few significant “buts” … the ...Oct 24, 2013 - A lump sum contract (or stipulated sum contract) is the traditional means of procuring construction, and still the most common form of ...
construction industry to reduce design and contract administration costs . It is called a Lump Sum because the contractor is required to submit a total and global ...
A lump sum is a single payment of money, as opposed to a series of ... the decision maker compares lump sum amounts, or subjects contract prices to an ... o
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