Home > Terms > English, UK (UE) > Lump sum contract
Lump sum contract
A contract under which a principal (customer or owner) agrees to pay a contractor a specified amount for completing work without requiring a cost breakdown.
This is auto-generated content. You can help to improve it.
0
0
Improve it
Other Languages:
Member comments
Terms in the News
Featured Terms
Fuselage shimming
A process to fill in the gaps and spaces with pieces of thin, tapered material between parts that make up a plane's fuselage to make them fit ...
Contributor
Featured blossaries
Browers Terms By Category
- Industrial automation(1051)
Automation(1051) Terms
- Pesticides(2181)
- Organic fertilizers(10)
- Potassium fertilizers(8)
- Herbicides(5)
- Fungicides(1)
- Insecticides(1)
Agricultural chemicals(2207) Terms
- Muscular(158)
- Brain(145)
- Human body(144)
- Developmental anatomy(72)
- Nervous system(57)
- Arteries(53)
Anatomy(873) Terms
- Inorganic pigments(45)
- Inorganic salts(2)
- Phosphates(1)
- Oxides(1)
- Inorganic acids(1)
Inorganic chemicals(50) Terms
- Electricity(962)
- Gas(53)
- Sewage(2)