Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
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Question
Chapter 4, Problem 14RQE
To determine
Find the basis for the perception that the lump-sum contracts can foster a more contentious work environment than any other type of contract. Explain whether this perception is true.
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- There are several types of construction contracts. However, often a standard form of contract is best suited for most construction contracts. Describe why this type of contract is the best in most situations?arrow_forward. Is the contract lump-sum, unit-price, or cost-plus-fixed-fee?arrow_forwardSome people feel that lump-sum contracts can foster amore contentious work environment than any of the othertypes of contracts discussed in this chapter. What is thebasis for this perception? Do you think that this perceptionis true?arrow_forward
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