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Title: 7 Tips for Efficient Concrete Construction2 - PowerPoint PPT Presentation
Description: 1. Lump sum Contract: A lump sum contract is normally used in the construction industry to reduce design and contract administration costs. It is called a Lump Sum because the contractor is required to submit a total and globalprice instead of bidding on individual items with this kind of contract the engineer and/or contractor agrees to do a described andspecified project for a fixed price. – PowerPoint PPT presentation
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