Computer · Estimation and Costing
The contract in which the contractor needs to complete the work within a fixed sum and fixed time, irrespective of the quantities of different items, is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fixed contract
- 2Lump sum contract✓
- 3Item rate contract
- 4Schedule contract
Correct answer
Lump sum contract
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