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In Schedule contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount.

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In Schedule contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount.

(a) False

(b) True

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My query is from Contract System in portion P.W.D of Civil Engineering Drawing

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The correct choice is (a) False

Easiest explanation: In lump sum contract the contractor undertakes the execution or construction of specific work with all its contingencies, to complete it in all respect within a specified time for a fixed amount. In this an owner agrees to pay a contractor a specified lump sum after the completion of work without a cost breakdown. After work no detailed measurements are required.

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