5 Different types of construction contracts and their suitability 1 - SlideServe
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5 Different types of construction contracts and their suitability 1 - SlideServe
1. Lump sum Contract: A lump sum contract is normally used in the 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price instead of bidding on individual items with this kind of...
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