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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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