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A lump sum contract is a contract where instead of charging for individual items for a project the contractor agrees to execute work for a predetermined price which decreases the cost of administration, management, and accounting and also results in less amount of paperwork.
A lump sum contract is a contract where instead of charging for individual items for a project the contractor agrees to execute work for a predetermined price which decreases the cost of administration, management, and accounting and also results in less amount of paperwork.
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