GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:59 Feb 15, 2008 |
Spanish to English translations [PRO] Social Sciences - Government / Politics | |||||||
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| Selected response from: Nikki Graham United Kingdom Local time: 15:40 | ||||||
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Summary of answers provided | ||||
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4 +4 | lump sum fixed term project |
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5 | fixed lump sum and pre determined due date |
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5 | fixed price and determined time |
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4 | increased price and definite term project |
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3 | increased price and predetermined time project |
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Discussion entries: 1 | |
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increased price and definite term project Explanation: Just an option.. hope it helps! |
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lump sum fixed term project Explanation: Lump sum - a fixed price for contract work, not intended to be adjusted in any way either by variation or remeasurement. A lump sum contract therefore is a contract for an agreed amount of work for a lump sum of money. http://www.trp.dundee.ac.uk/research/glossary/lumpsum.html Please see previous glossary entry as well Lump Sum Bid A single entry amount to cover all labor, equipment, materials, services, and overhead and profit for completing the construction of a variety of unspecified items of work without the benefit of a cost breakdown. Lump Sum Contract A written contract between the owner and contractor wherein the owner agrees the pay the contractor a specified sum of money for completing a scope of work consisting of a variety of unspecified items or work. http://www.constructionplace.com/glossary.asp#L Reference: http://www.proz.com/kudoz/23674 |
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