MEANING OF LUMP SUM CONTRACT- ALL YOU NEED TO KNOW
A lump sum contract, also known as a “stipulated sum contract,” is a construction agreement in which the contractor agrees to complete the project for a predetermined, set price. Under a lump sum agreement, the contractor submits a total project price instead of bidding on each individual item. However, this doesn’t necessarily mean that the entire sum is paid in a single payment at the end of the contract. A lump sum contract can define a total price for the project, but still call for progress payments to be made over time throughout the job……………..
CLICK BELOW TO READ FULL INFORMATION
SUBSCRIBE FOLLOWING PLATFORMS TO STAY UPDATED FOR ALL EMPANELMENT & PROFESSIONAL NEWS
1. WWW.VALUERSCLUB.COM
2. https://t.me/+dbHNkNO22xsyYTY1
3. https://twitter.com/cevindia?t=XbqlvnwUVz1G3uPgs749ww&s=09
4. ADD 9872777297 IN YOUR WHAT’S APP GROUPS TO GET ALL UPDATES & EMPANELMENT NEWS REGULARLY
