Contract price is fixed in advance

Related MCQs

• A contract in which the price is fixed in advance is a ………….. contract
• ……………. In a contract , provides that the contract price would be suitably enhanced on the happening of a specified contingency
• When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account
• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• When the completion stage of a contract is less than ¼ of the total expenditure on the contract is transferred to
• Contract price is the cost of work done plus a percentage
• 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
• If the value of work certified less than 25% of contract price,profit to be credited to P&L is
• If the value of work certified equal to or more than 90% of contract price, profit to be credited is……………….