Lump Sum Contracts (Fixed Price Contracts) a Comprehensive Overview.

Lump Sum Contracts (Fixed Price Contracts): A Comprehensive Overview Lump Sum Contracts, also known as Fixed Price Contracts, are one of the most common types of agreements used in the construction industry. Under this contract type, the contractor agrees to complete the project for a specified total price, regardless of the actual costs incurred during construction. This approach simplifies budgeting […]