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Term of the Day
BusinessDictionary.com
lump sum bid
Definition
Single
bid
that
covers
(without
providing
a
cost
breakdown
) all cost, such as for
equipment
,
labor
, material, overheads, and
services
. It also includes the
contractor's
fee
(
profit
) for completing the
items
of
work
comprising the
job
.
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Nearby Terms
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luminance
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Popular 'Agreements & Contracts' Terms
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scope of work
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hold harmless clause
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