In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit

Related MCQs

• A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….
• Contract price is the cost of work done plus a percentage
• 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
• Value of work done to the satisfaction of contractee
• ……….. is the portion of work certified not paid by the contractee till completion of the work
• In …………….. contract the contractor will get cost plus stipulated profit
• A portion of work certified retained by contractee is known
• In cost-plus contract, the contractor will get costplus
• Example for cost plus contract