What is a Lump Sum (Fixed Price) contract?

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  • čas přidán 3. 07. 2024
  • What is a Lump Sum (or Fixed Price) contract? A lump sum contract is considered a traditional means of procuring construction projects. Under a Lump Sum contract, a client provides a defined specification for works, and a contractor returns a fixed price for the project. This price is agreed before works begin, and is the fixed sum a contractor will be paid for completing the works
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Komentáře • 4

  • @Adam-ui3ot
    @Adam-ui3ot Před rokem +2

    What reading material would you recommend for a new training QS please?

    • @Metroun
      @Metroun  Před rokem +1

      We have a book recommendation video on our channel!

  • @shimakrocks3
    @shimakrocks3 Před 10 měsíci

    🥰