Question:
Which type of contract is not suitable for difficult foundations, excavation of uncertain character, and projects susceptible to unpredictable hazards and variations?
Which type of contract is not suitable for difficult foundations, excavation of uncertain character, and projects susceptible to unpredictable hazards and variations?
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Use lump sum contracts for well-defined projects. Forhigh variability, choose cost plus contracts to mitigate risks.
Updated On: Jan 7, 2025
- Lump Sum Contract
- Item Rate Contract
- Cost Plus Fixed Fee Contract
- Running Contract
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The Correct Option is A
Solution and Explanation
Lump sum contracts involve a fixed price for the entire project, making them unsuitable for projects with high uncertainty, such as difficult foundations or unpredictable hazards. These conditions often lead to cost overruns, making flexible contracts like cost-plus contracts more appropriate.
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