Construction Management
How Does A Lump Sum Contract Work? 5 Things To Consider
While you may not realize it, Lump-Sum Contracts are extremely common. Although they’re not always designed as “Lump Sum”, or even a contract at all, Lump Sum Contracts are used in many different industries, including on construction projects, hiring vendors, making purchases and more. So how does a Lump Sum Contract work? In this article, we’ll go through what a Lump Sum Contract is, when they’re used and 5 things to consider before and after signing one! Let’s get started.
Pat Finnegan
June 17, 2020