A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….

Related MCQs

• In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
• In …………….. contract the contractor will get cost plus stipulated profit
• Contract price is the cost of work done plus a percentage
• In cost-plus contract, the contractor will get costplus
• The portion of value of work that has been done by the contractor and architect or supervisor of the contractee certified that work is ………..
• The cost of work that has been done by the contractor on the closing date of account, but has not reach stipulated stages to qualify certification of architect of contractee
• In contract costing payment of cash to the contractor is made on the basis of
• If the contract is almost complete , the amount of profit generally transferred to profit and loss account is equal to
• If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to
• Example for cost plus contract