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Lump Sum Contracts

Explore the fundamental concepts of Lump Sum (Fixed Price) contracts in the realm of construction project procurement through this concise course. In this course, you will gain insights into the traditional approach of contracting for construction projects, where clients provide project specifications and contractors offer a fixed price for project completion. Delve into the intricacies of lump sum contracts, understanding their advantages and challenges.

20 minutes
1 video
1 transcript
key points
1 quiz

What you will work through

1 of 4
WatchVideoThe core idea explained, step by step.
2 of 4
ReadTranscriptThe full transcript, to go back over the detail.
3 of 4
Take inKey pointsThe key points, ready for revision.
4 of 4
Quiz1 quizPass to earn your CPD certificate.

Explore the fundamental concepts of Lump Sum (Fixed Price) contracts in the realm of construction project procurement through this concise course. In this course, you will gain insights into the traditional approach of contracting for construction projects, where clients provide project specifications and contractors offer a fixed price for project completion. Delve into the intricacies of lump sum contracts, understanding their advantages and challenges.

 

What does this course entail?

One Video

One Transcription

Key Points

One Quiz

 

How long will this course take?

20 minutes

Curriculum

  • 1 Section
  • 2 Lessons
  • Lifetime
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