Another term for lump sum contract is:
A)fixed- price contract.
B)time- and- materials contract.
C)cost- reimbursable contract.
D)incentive- based contract.

Name: Another term for lump sum contract is: A)fixed- price contract. B)time- and- materials contract. C)cost- reimbursable contract. D)incentive- based contract.
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Question

Quizplus · Accepted Answer

A lump sum contract is also known as a fixed-price contract, where the contractor agrees to complete the project for a set price.

Another Term for Lump Sum Contract Is