Q.

In Schedule contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount.

A. false
B. true
Answer» A. false
Explanation: in lump sum contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount. in this an owner agrees to pay a contractor a specified lump sum after the completion of work without a cost breakdown. after work no detailed measurements are required.
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