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Which of the following is equivalent to a lump sum contract?

A. Price fixing contract and purchase order

B. All of the other alternatives apply.

C. purchase order

D. fixed price contract

E. price fixing contract

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/07/08
Priya Ranjan Singh
by Priya Ranjan Singh , Project Coordinator , QatarEnergy (Qatar Petroleum)

Lump sum contract is a stipulated contract where price is fixed for whole range of job.

Pertaining to available options, A, D & E are having fixed price but Lump Sum contract also needs a purchase order to proceed or execute. Thus according to me option "A" is more appropriate.

Price fixing contract and purchase order

Md Fazlur Rahman
by Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

The anser is D i.e Fixed price contract

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

The most appropriate option is

D. fixed price contract

Miguel Gaitan
by Miguel Gaitan , Manager Strategic Pricing, Procurement, Packaging, Innovations. Cost Analyst , Lake County Press, inc.

Dear Mr. Farooq,  

 

Please advise what exactly you trying to do or execute?

 

Thank you,

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