Contract price is the cost of work done plus a percentage

Related MCQs

• In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
• A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….
• In …………….. contract the contractor will get cost plus stipulated profit
• In cost-plus contract, the contractor will get costplus
• Example for cost plus contract
• ……………. In a contract , provides that the contract price would be suitably enhanced on the happening of a specified contingency
• A contract in which the price is fixed in advance is a ………….. contract
• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• Provision for increase in the contract price to accommodate increase in material and labour cost
• …………….. is the provision to increase the contract price increase in the Cost of construction over a particular level