Tag: design responsibility

Lump Sum Contract VS FIDIC 99 Contract

Lump Sum Contract VS FIDIC 99 Contract Lump Sum Lump Sum Typically used with Design-Bid-Build method of project procurement. a. A lump sum contract, sometimes called stipulated sum, is the most basic form of agreement between a supplier of services and a customer. The supplier agrees to provide specified services for a specific price. The …

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