What is Lump Sum contract?
Share
Get Access to:
Get Access to:
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
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.
See less