When the quantities of the work items are difficult to be quantified and the rate analysis is also a complex issue, but still the contractor is willing to undertake a work, then the type of Contract best suited is:
Lump Sum Contract
Also known as a fixed-price contract, in a lump sum contract, the contractor agrees to complete the entire project for a single, fixed price. Therefore, when detailed quantification and rate analysis are challenging, but a contractor is still willing to commit to a total price, a Lump Sum Contract is the most appropriate choice.
Important Questions from Measurement
Which of the following is the unit of measurement for the sills of windows?
What percentage of the cost of the estimate is provided for the work charged establishment?
What is the thickness (inches) of the one brick wall made up of traditional brick?
Which one is the CORRECT option for the damp proof course?
What is the density of the mild steel in quintal per cubic meter?
