Q. In Schedule contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount.
✅ Correct Answer: (A)
false
Explanation: in lump sum contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount. in this an owner agrees to pay a contractor a specified lump sum after the completion of work without a cost breakdown. after work no detailed measurements are required.