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Contractors Forms Package Massachusetts

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reason why lsum contracts are superior it provides a fixed price for the entire project it's simple and predictable it encourages contractors to work efficiently to maximize profit and it's simple for the clients to understand however it carries the risk for lower quality work if the contractor tries to cut corners for more profit and changes in the project scope can increase costs and overhead lumpsum contracts will be better for projects where the client wants a fixed price for the entire project and the contractor is confident about their work and estimate

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