A Web site developer negotiates a contract to develop a Web site for $2,000.This would be an example of a Fixed-Price/Lump-Sum contract

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A Fixed-Price/Lump-Sum contract is an agreement in which the buyer and seller agree on a specific price for a project or service, regardless of the actual cost incurred by the seller. In this scenario, the Web site developer and client agreed to a fixed price of $2,000 for the Web site development project.

A Web Site Developer Negotiates a Contract to Develop a Web